From Europe this time (repaying North Americans the favour from three years ago), the continent that's given us two world wars, it looks like the Eurozone debacle, combined with the inability/ incompetence/ unwilllingness of the continent's political leaders to do anything about it, is now hitting the banking sector. This, coupled with Italy's credit rating downgrade (and consequent credit crunching of its banks) and worries about the US economic recovery, is likely to cause another global recession. Can we really stand another three plus years of this crap? Isn't life marvellous? Story here.