On the sovereign debt explosion: "we should all be paying attention to a new theme: the simultaneous and significant deterioration in the public finances of many advanced economies. At present this is being viewed primarily - and excessively - through the narrow prism of Greece. Down the road, it will be recognised for what it is: a significant regime shift in advanced economies with consequential and long-lasting effects"
- Mohamed El-Erian, Pimco
http://us.ft.com/ftgateway/superpage.ft?news_id=fto031020101453310596