“Surprise rise in US jobless rate raises specter of Great Depression” thunders the Times of London. Surprise? The only surpise was that NFPs only fell 524,000 and the economists’ were actually in the same neighborhood as reality. The world really has gotten thin-skinned when the first decent recession in more than 15 years starts to bite and we all fear Armageddon. Sure, this is the first recession of a truly globalized economy, but let’s keep our heads folks….