The entire world is in deep shit due to the unfolding credit crisis which has already paralyzed most of the global investment bankers and top of the order insurance companies, and also cost billions of dollars for most of the leading governments.
But the solution does not seem to be in the horizon, and the entire world is only hoping that some drastic steps by a new and energetic US President (read Barak Obama) can save the world from the brink of an economic disaster. We need to just wait for another few weeks.