According to the UK based think-tank The New Economics Foundation and the California based Global Footprint Network, we blew our global resource budget for this year on August 21st(http://www.neweconomics.org/press-releases/world-enters-ecological-debt-on-saturday-21-august-2010 ).
This is month earlier than last year
(I blogged about it here http://environmentchaos.blogspot.com/2009/09/earth-overshoot-day-2009.html) reflecting the beginning of the recovery from the recent economic crisis and also the increased economic power of upcoming nations which are adopting the northern consumer based lifestyle.
So we are now living on ecological credit....
Just waiting for the crash.