When I look at the Greece fiscal crisis I have to ask myself: Are any of us in any better fiscal shape? My conclusion is we are nothing but a bunch of hypocrites!

Lets take a look at the Debt vs. GDP ratios of the world's larger economies according to the Wall Street Journal (click to enlarge):

Infrastructure is a sector that has lacked substantial investment and any further negligence of this area may put economic growth at risk, experts believe. The renewed sense of urgency could benefit infrastructure ETFs.

Governments around the world need to increase their spending on agriculture, energy, water, transport and information technology infrastructure. But where will the money come from? In the United States, stimulus money is still being deployed.

A few ETP odds and ends.

PowerShares filed for small cap sector ETFs for all ten of the big S&P 500 sectors. The funds will be called PowerShares S&P SmallCap then whatever sector it tracks. For anyone so inclined you can probably glean what the funds might hold by looking at the iShares S&P Small Cap 600 Index Fund (IJR) as the funds will be comprised of stocks from this index.