Thank fuch for that.

[Olf]

Beeb said:

The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington.

http://news.bbc.co.uk/1/hi/business/7665515.stm

For a moment there I thought we were in trouble.

[SimonV8ster]

Not too sure whether I should pop out for a pint now or not ??

I mean what happens if everything collapses whilst i'm out ??

[Puggit]

SimonV8ster said:

Not too sure whether I should pop out for a pint now or not ??

I mean what happens if everything collapses whilst i'm out ??

The price of beer might be 1p in the pub, and you'll never know...

[turbobloke]

That'll do nicely for a confidence booster, where's the bad news?

[Olf]

turbobloke said:

That'll do nicely for a confidence booster, where's the bad news?

exactly.

[Engineer1]

Is it just me or does anyone else think that this financial "crisis" is different from previous ones in that this is the first one where information is flowing freely and any one can start a panic, and papers that prior to the internet wouldn't have been read by many are now being read by more. Basically there is too much information out there with very little quality control, no one really knows who any of these advisers or pundits online is or how qualified they are to comment.

[Fittster]

Engineer1 said:

Is it just me or does anyone else think that this financial "crisis" is different from previous ones in that this is the first one where information is flowing freely and any one can start a panic, and papers that prior to the internet wouldn't have been read by many are now being read by more. Basically there is too much information out there with very little quality control, no one really knows who any of these advisers or pundits online is or how qualified they are to comment.

The idea that this is all to do with the media is pushing it. The Fed pumped the economy with lots of paper money so we could have a long boom, but eventually all bubbles burst.

[odyssey2200]

It's all bks

Whats the worst that could happen?

[turbobloke]

I realise there are blame stories attached to Clinton, CDS regulation, market deregulation etc., but Radio 2's bald scotsman said last week that it's all down to BBC finance 'guru' Robert Peston - according to Ken Bruce, every time Peston speaks the markets tank. The man has a point.

[Olf]

turbobloke said:

I realise there are blame stories attached to Clinton, CDS regulation, market deregulation etc., but Radio 2's bald scotsman said last week that it's all down to BBC finance 'guru' Robert Peston - according to Ken Bruce, every time Peston speaks the markets tank. The man has a point.

Ken Bruce?

Ken Bruce?

Okay. You've said enough. Step away from the keyboard.

[turbobloke]

Olf said:

turbobloke said:

I realise there are blame stories attached to Clinton, CDS regulation, market deregulation etc., but Radio 2's bald scotsman said last week that it's all down to BBC finance 'guru' Robert Peston - according to Ken Bruce, every time Peston speaks the markets tank. The man has a point.

Ken Bruce?

Ken Bruce?

Okay. You've said enough. Step away from the keyboard.

Can I go back yet? It's difficult typing from here.

Ah that's better. Yes Ken Bruce, him down there.

[FourWheelDrift]

odyssey2200 said:

It's all bks

Whats the worst that could happen?

As long as you are properly prepared you'll be fine.

[audidoody]

odyssey2200 said:

It's all bks

Whats the worst that could happen?

Well, how about this:

You go in Monday morning and the boss says "sorry lads, the bank's pulled our overdraft. We can't write any cheques out or pay your salaries"

[odyssey2200]

audidoody said:

odyssey2200 said:

It's all bks

Whats the worst that could happen?

Well, how about this:

You go in Monday morning and the boss says "sorry lads, the bank's pulled our overdraft. We can't write any cheques out or pay your salaries"

If I had a job that just might worry me..

TBH I know that there is are problems BUT..

I am sick to fking death of all the fking doom mongers with their bad news and insincere reporting.

The media is just revelling in the st..

[Fittster]

odyssey2200 said:

audidoody said:

odyssey2200 said:

It's all bks

Whats the worst that could happen?

Well, how about this:

You go in Monday morning and the boss says "sorry lads, the bank's pulled our overdraft. We can't write any cheques out or pay your salaries"

If I had a job that just might worry me..

TBH I know that there is are problems BUT..

I am sick to fking death of all the fking doom mongers with their bad news and insincere reporting.

The media is just revelling in the st..

You'd perfer the media to hush up bad news? Have you considered watching the North Korean news, only good news there.

[odyssey2200]

Fittster said:

odyssey2200 said:

audidoody said:

odyssey2200 said:

It's all bks

Whats the worst that could happen?

Well, how about this:

You go in Monday morning and the boss says "sorry lads, the bank's pulled our overdraft. We can't write any cheques out or pay your salaries"

If I had a job that just might worry me..

TBH I know that there is are problems BUT..

I am sick to fking death of all the fking doom mongers with their bad news and insincere reporting.

The media is just revelling in the st..

You'd perfer the media to hush up bad news? Have you considered watching the North Korean news, only good news there.

No, I preferred the South Korean TV.

[Shaolin]

It could be worse.

You could be dead.

[109 Bob]

odyssey2200 said:

It's all bks

Whats the worst that could happen?

[odyssey2200]

109 Bob said:

odyssey2200 said:

It's all bks

Whats the worst that could happen?

not me!
I'm immortal

Well so far, so good !

[davido140]

I must admit odyssey has a bit of a point here, there seems to be a lot of running around in circles having a good old panic when there is sweet fanny fk all the vast majority of us can do about it.

We're all passengers caught on a ship is some mighty crappy weather.

Personally Im just carrying on as I was before, working hard, earning some dough, spending a bit and saving a bit.