Forex traders have been shocked into behaving themselves but it might not last...

[PurpleGorilla]

So when is the next crash?

[unixman]

...Yep - and it's still a considerably better outcome than if they had failed completely - depressing isn't it.

Thus my first point - that one or two large banks (not all) should have been allowed to fail. We can't go back in time, but I think the outcome would have been both better than total failure and better than what we have now. And much less depressing.

In the US they sacked and imprisoned criminal bankers wholesale, and recovered from the crunch quicker than anybody else. Here, it took us years to decide that perhaps old Fred shouldn't be a knight of the realm after all. The amazong thing is that British bankers must have known about the credit crunch years in advance - even they know how to recognise a basic pyramid scheme - but steered into it anyway, rather than changing course in time. Presumably the bad bankers dominated the good ones, and just made plans to have their own stash secure when the ship went over Niagra.

Since our bad bankers are still at the keyboard, maybe they are steering towards a storm drain right now...

[BrilloPad]

So when is the next crash?

Crash of what? Sofa prices?

[DimPrawn]

So when is the next crash?

2 years after the housing boom ends.


So in about 22 years time.

HTH BIDI

[AtW]

Crash of what? Sofa prices?

I'd love to know about that...