A repeat of 1929

[FarmerPalmer]

Hows about this one then pop-pickers ?

...
We stood still
...

Midge Ure is such a wordsmith

[SallyAnne]

Benes invoicing and fiance became Mr and Mrs Benes invoicing two weeks ago :-)

Ah congratulations Milan.


Sallyanne

[sappatz]

Uk

the difference is that UK is a failed state with an economy based on thin air, which is evaporating by the day.
in 1929 there was still an empire

[Stan.goodvibes]

I would forget about 1929.

As Greenspan said 'We are entering a new disturbing economic reality.'

You ain't seen nothing yet.

Oh FFS, property had bubbled to well past the point of reason and the sharemarket had lost all relation to the companies it was supposed to represent. A correction was and is always inevitable.

It doesn't mean the world is going to end. Commodity prices are dropping, property prices are coming back to a realistic and attainable level, the sharemarket will be more realistically priced and less speculative (for a while).

So on paper your house might be worth 'less' than it was yesterday - does that mean anything at all if its the house you live in?

Chances are your mortgage just got cheaper, petrol is getting cheaper etc. Its great news all round.

What a great time to be alive. The future is looking brighter every day.