Someone today called the oil price crash the ‘Black Swan’ of the current financial crisis; what we would once have called the something in the woodpile that no-one expects. Someone else asked me today if their investment funds might disappear altogether, a 100% rather than a 10 or 20% fall. They won’t. And if they do, none of us will be around to care. As someone else said to me today, ‘Stay strong’. It will be alright in the end. And if it’s not alright, it really is not the end yet.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.