FIRE. stop, drop and roll

The antidote to the FIRE economy is nigh.

Now, pay attention....

STOP

DROP

ROLL

because of globalisation, the banking crisis is made even worse.

checkitout:
Financial sense-World Economy Hanging By A Thread
By Chris Puplava09/02/2011
... You Go, I Go, We all Go
As mentioned in the opening paragraph, investors and economists cannot look at the U.S. in isolation as globalization has become a dominant theme over the last decade. For the past two years corporations have had record earnings with a large portion of revenue coming from overseas, also partly explaining why U.S. markets have performed so well despite this being one of the worst recoveries since the Great Depression. Large-cap blue chip names are benefitting from globalization as they are increasing exposure towards faster growing foreign markets.
That said, globalization is also a double-edged sword. As you can see from the figure below, starting from the early 2000s many global economies started to synchronize, minimizing the previous benefits of diversifying their corporate revenue bases geographically to shield from regional downturns. Now, the leading economic indicators calculated by the OECD for various regions and countries show we currently have an economic slowdown where everyone is getting dragged over a cliff.