Kayaking in the Middle River canal of Fort Lauderdale in Florida over the half term holiday was not without its dangers. Signs warned of manatees, otherwise known as sea cows, which could have overturned the fragile vessel. Polite natives called out amicably from their water-front houses, whose values had plummeted 45 per cent from a peak two and a half years ago, although the rate of decline is easing. Meanwhile President Barack Obama took out a mortgage on the nation’s future, the sort of imprudent mortgage that is no longer available, with his bail-out of GM.
That is real danger.