though would that be because we are already in a 2nd global...

though would that be because we are already in a 2nd global recession and about to hit the 2nd great depression? [http://www.scotsman.com/news/international/analysis-spectre-of-second-eurozone-depression-too-close-for-comfort-1-2353662 or In KPMG's 2012 Business Leaders Survey, just over one-half of respondents believe we are entering a second Great Depression. (http://www.caconnect.com/English/view_blog/?id=5663688011135442343&contentid=7464449752043850702....other sources there under google news and google itself)].

also there's this aspect:
1)some countries' debt pic - http://demonocracy.info/infographics/usa/world_debt/world_debt.html
2)http://www.mybudget360.com/unsustainable-global-debt-total-global-debt-190-trillion-global-debt-gdp-european-union-financial-crisis/ link shows that the whole world has more than $190 trillion debt which is 3 times the world GDP (would be more now as can see from the link) (has graphs also)

and that's without taking into consideration us unofficial debts of about 50 to 200 trillion dollars including social security and medicare-under http://www.nypost.com/p/news/business/trillion_in_debt_ZIrWsnLp5l9MAQGe8YTG8J, http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256, http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html as well as http://www.truthin2010.org/.

and also, european market caps trail u.s. companies as can be seen under http://www.bloomberg.com/video/94646421-european-market-caps-trail-u-s-companies.html and lastly, if france requires a bailout-quite a disaster (couple of articles there showing that as that's one of the countries in line along with italy and others)