More or less, yes.

Saying that, though, some bloody idiots in America are causing world-wide economic problems. It's playing merry havoc with FTSE and the other stock exchanges. All because of the possibility of a U.S. subprime fallout - something to do with debts and interest rates for home-owners in America. Don't take me word for it, though, I'm no economic genius. I've just watched a report on the news.