Financial Crisis

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AdelaideNow... Shares rebound on bail-out hopes

Leaders of the US Senate yesterday said they were scheduling a vote to be held last night on a revised financial system rescue package and if this was passed, it would raise pressure on the US Congress to also pass the plan, possibly tomorrow.

Our money situation just didn't happen just like that. It's important to respond and not react. It's going up, down and all over the place. The great outcome of this is that people are pooling their thinking resources and some really interesting views and explanations are being heard. Radio stations and the Net are coming into their own as they share news and views very quickly and effectively. We are really very fortunate to have an ageing population because they have a wealth of knowledge and experience on which to base some interpretations of this market. Then we have some real whizz kids out there who understand how the new terms and ideas work and can interpret that for us. The big plus of this situation is there is no generation gap. The ages are working together to bring some sense and sanity into all of this. Firstly it brings us information. Secondly it is bringing us strategies and thirdly it is getting so many people to think better about all of this. The whole world is online and we are able to share our views , knowledge and experience. We are able to get information quickly and then there are people who are showing us what to do with that information. Money crises are not a bit fun and people are tearing their hair out. We just need to have confidence in our connectivity so that international experts can help us sort through this in a more comfortable way.It really is a challenge and it's a test of whether we actually have sufficient knowledge and know how to competently steer the global markets!