The wild swings on sharemarkets over the past ten trading days have left even the supposed financial experts gasping for air.
But today, as the world takes a temporary breather from the volatility, perhaps it's time to assess the long term fallout not just for the United States, but Europe.
The risk analyst Satyajit Das last spoke on The World Today a week ago as the share market turmoil started to take hold.
He was back with me today to review a tumultous week on global financial markets.
Click here to listen to the interview broadcast on The World Today.