It looks to me as though 2012 is likely to be a truly awful financial year, with several crises converging:

1. Either very high oil prices or recession,
2. The US governmental debt limit crisis,
3. The Euro crisis,
4. The Chinese debt problem,
5. Debt deleveraging in the US and elsewhere,
6. Further MENA (Middle East/North Africa) political problems, and
7. Conflict between need for greater resources and pollution issues.

It seems to me that we may be reaching “ Limits to Growth,”