Meltdown

Image via Wikipedia The news is currently dominated with stories about the global economy crisis at the moment. I try to ignore what is taking place but the situation isn't getting any better so it is proving hard to distance from the growing concern. It's not been a good year what with the current financial meltdown we have everything on the increase, problems with the housing market, stock exchange, uncertainty over the price of oil and global warming all adding to the worry.

It's enough to make you feel depressed! The news doesn't reassure us as from what we are told everyone should be panic buying, hoarding essentials and keeping all our savings in a shoe ready for the end. The South China Morning Post reported on Thursday that regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis [source]. This appears to be temporary and with congress closing in on a deal for a $700 billion financial-sector bailout to hopefully add stability and help to assess where we stand. Will that figure be enough and how long will it last? I am sure we will find out over the weeks and months ahead!

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