Credit crunch paralleled to petrol prices.

Day by day we hear more and more bad news over the TV and radio, and the newspaper headlines just scream of disaster, gloom and doom. What is a normal person like me supposed to do in this time? Thus has all made me sit down and think, and for the first time in my life I am really consciuos of every penny I spend. Not that I have been a big-spender before, but I have started to realise the difference that little changes can make. My poor husband, he must already be fed up with me telling him off for not switching off the light when he leaves the room! But how all this has affected me, has made me think, even though the credit crunch and looming ...  Read the complete review

In Manhattan they have had to add two extra zeros to the 'World Debt Clock' that ticks away in Times Square to show how much America proudly owes itself. It has just ticked up one quadrillion dollars, which, I believe, is one thousand trillion dollars. But they can't accumulate without speculating and that's why the debt is huge. The world economy may feel terrifying right now but it always gets better as that is the nature of economics. It's going to be a scary Monday morning but I'm confident the markets will be up by Friday. A few beers over the weekend will have steadied the 'bankers 'nerves. Don't forget that few of the traders on the floor have actually ...  Read the complete review

I am quite frankly horrified by the alarming turn of events that have occurred in the financial markets over the past few weeks. The speed at which the situation has deteriorated is mind numbing and it is fair to say that the degree of decay in the markets has shocked the more naive amongst us. I would say that I fall into the category of "naive" - believing that financial institutions, let alone banking institutions, were beyond actually going bankrupt was an element of my naivety. What triggered off an apparent butterfly effect in the financial markets was the demise of Lehman Brothers in September 2008. Like many others, I was not ...  Read the complete review