Monday, October 13, 2008

All clear

Dow up 936, FTSE up 324: so it's all okay again. Isn't it?

Except here in the UK, the Prime Minister wants banks to carry on lending like they did last year. Is there a touch of madness in this?

Surreal. That's the feeling.

I see Mish has the same feeling.


dearieme said...

I just want things to calm down long enough for me to learn how to buy gold.

Sackerson said...

I'm reading that physical gold is the thing - no paper promises.

TBRRob said...

Houses are still falling. I reckon some time next year that could come home to roost and will really kill us.

Sackerson said...

I fear you're right, Rob. But a lot depends on just how many houses were bought over the trend price, doesn't it? A lot of people must be sitting fairly pretty, it's just that they won't be able to use their house as a bank; the worrying area is those who bought or moved up in the last 5 years and particularly the latter end.

Anonymous said...

Dearime: " .. learn how to buy gold."

Good old fashioned English coins.