Since 2008, when America’s economy went south, global financial distress has been metastasizing north, east and west.
The middle class is getting burned in Burma, and squeezed in Belize.
Conditions are lousy in Laos and really bad in Chad. Investors are edgy in Egypt and fidgety in Fiji.
We have just learned that Norway is in disarray. And conditions are rotten in Denmark.
They’re short on greenbacks in Greenland. And the meltdown has frozen assets in Iceland.
There is fiscal squalor from here to Guatemala, leading to foreclosures galore in El Salvador.
There is no equity in Ecuador. They’re low on dough in Mexico. Wall Street is hated in Haiti. And Panama is in the red.
Yes, the geofinancial landscape is spinning out of control.
The situation is serious in Syria. And things are no easier in Tunisia.
Recession mania has spread from Albania to Romania. And Russia is poised for a hostile takeover of Lithuania.
Depression has cast a pall over Nepal, but North Korea has no idea. Mongolia is now a wholly owned subsidiary of China.
Yes, the situation is bleak in Mozambique. And there is no cash flow in Morocco.
Unregulated wheelin’ and dealin’ in New Zealand has caused empty ATM machines in the Philippines.
This just in — the economic swoon has now reached Cameroon. The African Union has asked member nations to share resources, but Botswana doesn’t wanna, Ghana isn’t gonna and Kenya just can’t.
Leading economic gurus are predicting the collapse of the Euro. They’re trying to stop the bleedin’ in Sweden. And the Czech Republic no longer takes checks.
Polls show increasing polarization in Poland. And homeowners are getting the boot in Italy.
They’re getting fleeced in Greece. People are starving in Hungary. And the French economy is fried!
And, we have just learned that the financial pain in Spain is felt mainly in the plain.
— John Breneman