Repent, for the end is eventual!

Many developed countries are in the final stages of the bankruptcy of their common business model, including the US, UK, France, etc.  At some point a wrenching change will occur; it will be precipitous, like Greece in April 2010.  I remember that at a conference in Hong Kong of risk managers in February of 2010, no one believed that the PIGS were a serious problem.  Then, suddenly, . . the emperor had no clothes.

So at some point the chickens will come home to roost.  The crisis will be caused by a change in psychology rather than some specific event.  More and more pundits are saying things like "our situation is dire." The debt ceiling debate may be a trigger.  But, as the bible says, "we don't know the hour or the day."