Sunday, September 11, 2011

Welcome back

Asian markets are off in early trading (down roughly 2%) on fears that the news flow out of Europe is going to be ugly this week. 

There is talk that the French banks could face a downgrade from Moody's which might lead to a downgrade of France.  The Eurozone is also rumored to be considering ways to allow for an orderly bankruptcy of some countries and/or allowing some countries to leave the Euro.

As we reflect on 10 years since the events of 9/11/01 I saw some amazing data on the way the world has changed in the last 10 years.

* Afghanistan's GDP has grown by 645%
* Iraq's GDP has grown by 473%
* Oil prices have gone from $26 yo $87
* Americans on Food Stamps from 17.85 million to 45.8
* Gasoline has gone from $1.51 to $3.58
* Total US debt has gone from $5.77 to $14.69 Trillion.


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