Monday 17th March: Black monday?

[NoddY]

Welcome to the Doomfest.

It's only Sunday night and:

the pound is falling like a tank in the far east
gold is up through the roof
US Federal Reserve has cut interest rates to 3.25%.

So is today the big day? Please share your joy by contributing to the poll.

[OwlHoot]

It feels a bit like that moment in Titanic when Jack Dawson & Rose are perched on the stern rails, hearing the ship groaning and wondering what happens next ...

[AtW]

As long as my BTL goes up it's okay.

Bagpuss.

[NoddY]

It feels a bit like that moment in Titanic when Jack Dawson & Rose are perched on the stern rails, hearing the ship groaning and wondering what happens next ...

I surprised you got that far, I fell asleep at the end of the opening credits.

Anyway, they should have taken a leaf out of Alistair Darlings/Ben Bernankes book and rearranged the deck chairs.

[NickFitz]

In a hundred years we'll all be dead and none of it will matter.

That attitude has got me through every recession since the 1980s, and I see no reason to change my ways.

YMMV. Ho hum

[BrilloPad]

The big question is can the debt bubble be deflated rather than burst?

This seems, so far, alot better handled than after black Monday(1987).

Personally I am going to concentrate on reducing debt - but then I always have.

[Moscow Mule]

This seems, so far, alot better handled than after black Monday(1987).

It's far too early to be deciding that yet.

[DimPrawn]

It's different this time ™

HTH

[BrilloPad]

It's far too early to be deciding that yet.

Large amounts of liquidity made available - plus large rate cuts in the states. What more do you want?

[HRH]

Maybe this is what the world needs, let things be reset and strat from scratch.