Uh-oh. We must really be in trouble. The Organisation for Economic Co-operation and Development (OECD) has singled out Britain’s economy for especially gloomy treatment in its latest six-monthly take on the world economy.

Zzzzzzzzzzzzzzz. Today’s market action offers us a simple lesson: markets better than governments.

After voting to hold rates steady at its monthly meeting today (Thursday), European Central Bank (ECB) President Jean-Claude Trichet said a rate hike in July is “possible.”

What countries are truly the have and have nots of the world? Good friend and business partner Niels Jensen of Absolute Return Partners suggests we look at the old equation in a new way? Food and energy resources may be at least part of the definition in the future.

It’s one of the biggest product-development programs in Asia right now, and it could easily determine whether Japan remains a global industrial powerhouse – or limps into the future as an international has been.

No, there haven’t been any nuclear missiles launched, at least not yet. No mobilization of U.S. forces on Iran’s border. But on March 20, the United States launched the equivalent of an invasion of Iran, in the world of global finance.