Are we all heading for economic disaster?

[chimneys]

FTSE down another 2% today after yesterday's heavy falls. All major exchanges around world down. PIGS heading to meltdown, particularly Italy?

Are we all doomed Mr Mainwaring?

Thank God for the Albion!!

 

[Albion Dan]

Yes, yes we are. Lets not let that stop us allowing banks to sieve the odd billion out to a few of its staff each year though.

 

[chimneys]

Oops! Better make that a 3% drop today and c11% in under a month. Knew I should have sold out at 6000!!

 

[BRIGHT ON Q]

I think its just 1 big recession from now on.

 

[sussexadz121]

cheer up its the first ever league game at the amex on saturday... so it could be worse.

in addition Tony Bloom will save the world anyway sho who cares

 

[chimneys]

cheer up its the first ever league game at the amex on saturday... so it could be worse.

in addition Tony Bloom will save the world anyway sho who cares

Very good shout! And I'm sure we could all seek refuge in the Amex when we lose our houses! Will try to reserve a space for me and the family in Dick's Bar and wait for the food parcels to be personally delivered by the Mighty One!

 

[acrossthepond]

Oops! Better make that a 3% drop today and c11% in under a month. Knew I should have sold out at 6000!!

Sell in May, buy in September....

(I'm just not saying which year...)

 

[SeagullinExile]

Yes. The very nature of the banking system means it can't go on forever.

Times are a changin' me thinks.

 

[Pondicherry]

The western ecomonic model is unsustainable in the long term - we may have reached the start of the long term.

And don't expect any politicians to;

a) admit this - political suicide
b) solve the problem -

 

[SeagullinExile]

The western ecomonic model is unsustainable in the long term - we may have reached the start of the long term.

And don't expect any politicians to;

a) admit this - political suicide
b) solve the problem -

I absolutely agree with this.

 

[Seagull over Canaryland]

Oh dear - what will all the former Chancellors of the Exchequer do if there are no banks for them to get Directorships of when they get ousted?

 

[Tricky Dicky]

"Your investment can go down as well as ..... er, further down"

 

[chimneys]

"Your investment can go down as well as ..... er, further down"

And as for our pensions.........

 

[Monsieur Le Plonk]

The western ecomonic model is unsustainable in the long term - we may have reached the start of the long term.

And don't expect any politicians to;

a) admit this - political suicide
b) solve the problem -

I think you are right. The problem is that we are now so far down the line that no one actually has an answer.

 

[chimneys]

FTSE closed 3.43% down at 5393. Ouch!!!

 

[Razi]

What The World Can Learn From Iceland's Default Model

 

[beorhthelm]

FTSE closed 3.43% down at 5393. Ouch!!!

buying opportunity !!!

 

[User removed 4]

buying opportunity !!!

Really, what do you want ? You can have as much as you like from me, have you seen the s+p ?

 

[CorgiRegisteredFriend]

As long as I can afford a pint, tickets for the albion and the odd live band I dont care too much. Oh and M and S mint humbugs.

It has been said before- the recovery is going to be more painful than the recession. We need to get used to it I guess.

 

[Uncle C]

buying opportunity !!!

The FTSE was 4200 not more than a few years ago, so way to go yet.