Here we go again

Sorry to anybody who is bored by my relentless economics-themed posts, but this is the most batshit-crazy world event I can remember in my lifetime, and I'm sticking with it for the moment.

It's Sunday afternoon here and who knows what craziness will happen in the next week? Tomorrow, Australian and Asian markets will be the first to react to the weekend's main event, which is basically the developed world agreeing to bail out its entire banking system. Who would have thought Gordon Brown would be the man of the hour? Will it work, or will we walk off a cliff? What happens when the next BIG SHOCK COLLAPSE happens? And what will be the next shock collapse - more banks, insurance companies? More countries, like Iceland? The Guardian is talking about utilities going broke. That's a scary thought.

For me, the Guardian has had the best coverage, particularly during this last few days when Britain has been at the centre of developments. I really enjoyed this article about how the coming recession will affect Gen Y. Ah, Gen Y. Little shits.

posted by Nicholas @ 4:35 PM