Back in May, I posted about Signs of the Times. I got some emails back then from people who thought I was being a bit over-reactive and prophet-of-doomish. But seriously, folks, I think if anything, I was understating the case. It's bad - and it's getting worse. And I'm ONLY talking about the economic situation now, nothing more than that.
Reading and listening to BBC news this evening, I learned more about the after effects of the collapse of Lehman Brothers Bank in the US, and how it's affecting banks, businesses and the man in the street world wide. And it really seems as if we are heading into a massive global economic crisis - a global recession according to the boffins. I'm not a financial whizz, by any stretch of imagination, but the facts are starting to speak for themselves.
At times like this, I really wish I understood how economics and global financial matters better, but up to now, as long as I've been able to pay all my bills and keep food on the table here at home, I've felt OK. What this latest crisis is going to mean for me (and you) personally, remains to be seen.
Elleann
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