but is anyone else freaked by what is going on in the States? Lehman Brothers, Merrill Lynch and now this big US insurer AIG, all in melt down. I have this very uneasy feeling. This is historic. Big banks don't just fold, or get sold for way under their value, or get bailed out by the govt. This is huge. Maybe it's the old banker coming out of me, but the ramifications of this are just starting - this is people's money, savings, mortgages, shares - banks are supposed to be stable. Especially the big ones. A domino effect has started in UK, NZ, Aus (and everywhere no doubt) and soon, maybe already, we're on the brink of a worldwide recession. This feels very ominous.
Cheery stuff next time I promise.