Where now for the Western economy?

Sorry folks but the only direction for the foreseeable future is "Down, down, deeper and down"

As the markets fall and more people realise that our futures really are a bleak as I and others have been warning for some years, I fear that the resulting riots and civil disobedience will make last month's riots look like a country tea-party.

The future does not look bright, it looks bloody dreadful.