Depression. A global one.
Very real possibility now. Edging towards the likely category.
Forget the worries about nationalizing the assets of failed firms. Forget the national debt. This is crunch time. Do or die for the financial system. Of course, I'm not holding out much hope given how weak the US has become.
Time for a rethink. This election may actually be all about who is going to manage the aftermath of the financial and economic carnage that has just started.