Run, Don't Walk...

...and read John Kemp's outstanding summary of the US & UK debt crisis at Reuters.com.

And while we're at it, go read John Gray's stunning September 28th piece in the Observer, in which he declares that the UK "has turned itself into a gigantic hedge fund."  It was reprinted in Harper's December issue.  I am still catching-up with my stack of Harper's, and I finally read the piece this morning.