To take stock of recent events, let us review the news cycle in the last 24 hours.
Iraq is becoming a coordinated bloodbath.
The Gulf Coast and New Orleans is trying to stand back up. The fall-out of the ineptness in response to the tragedy will still play out in the coming weeks and months.
Budget deficits will go back up shortly.
Oil prices will see a relief soon, but not before consumer prices and inflation jumps and Americans pay more for everything.
Remember the good ol' days. They may not be back for quite some time.