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Sunday, 12 October 2008

That was the week ...

I started on Monday by asking if it was going to be the week we live blogged the Crash - and it nearly was. Two weeks ago I highlighted the high risk of a global financial meltdown, and yesterday the chairman of the IMF did the same. Back in the monsoon days of August I warned my bank I was converting equities to Krugerrands and that 'Your bank is at risk if you fail to maintain deposit repayments from it'. His bank is now effectively worth less than nothing. Last week was like watching a car crash in slow motion, knowing the driver had done too little too late and the collision was inevitable.

We will all watch the markets with bated breath tomorrow morning.

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