This is the case in Australia, UK and USA. Whatever happens to USA will have repercussions all over the world, the problem in america is that the country itself is in debt to the trillion of dollars and greedy people keep buying stocks like the bull market can run forever. This bull market has been fed on credit not productivity.
Once the credit buble burst you better take cover and I don't see how (the banks) can strech it for much longer. The longer it takes to burst, the worst is going to be.
