So I have been very quiet of late and there really is no excuse, I guess I just needed a bit of a break?
But as we look around the Global Markets this morning I can barely believe the amount of the drop on Wall St. overnight - the Dow Jones being down some 7+% doesn't even do it justice - looking at how the individual sectors have fared makes it look even worse?
Energy and Financial's are both down close to 9%
Scary stuff, and from the sounds of there's very little end in sight and we could be riding this for some time yet?
At least here in Australia (if we believe our Govt.?) we are well positioned with very little debt and current accounts that are in surplus, along with a current base rate of 6.0% there is at least some room to manoeuvre, where as in the US now down to 1.5% it is beginning to look like there is no room left?
