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Saturday, October 04, 2008

Financial Crisis

EU leaders to discuss global financial crisis - ABC News )
He has raised a number of ideas including a banking watchdog, cuts on executives' and traders' pay and a European bank rescue fund.

Well, they are all talking about bail outs. The American bailout announcement hasn't calmed the US stocks. I am more than grateful that the Internet and our radio has brought me information which I can use to think about all of this and then manage these crazy times. it was going to go bang. That's what happens when you keep inflating things. So we have had our fun and now we need to get on with it. it is important for the whole world to talk about this and it is important to find out whether we have the knowledge and expertise to manage it. When people look calmly there are some benefits which we hear little of. UK is apparently going back to t he tea houses which were so popular before take away. Tea and chocolate are the go. There will be some good things for us to focus on and that is important...to remain focussed so that you can calmly think because a lot of people have their retirement plan tied up in shares and this will make them a bit frantic. My opinion is George Bush has already spent so much money that America cannot see how this will help to go into even more debt and tax paying. I think George Bush has lost all his credibility. The financial experts in America will have to do a lot of talking to convince their public and reassure them I should think. Hard to judge when you're sitting over here.

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