Hurricane Katrina may have devastated the Gulf of Mexico region but the mismanagement of the aftermath will surely hurt the entire nation.

If Germany added the level of debt that American government has then not only Germany but the whole of Europe will collapse with it.

If the U.S. economy stalls facing rising inflation, higher trade and budget deficit, unrestrained spending by the White House and Congress, Japanese government even with the mandate fails to implement speedy reform, and German coalition government fights for its political life than for the economic reform than one wonders what will happen to the world economic growth.