So if the economy does go pear shaped what will happen?

[elbows]

The odds on the US Govt. suspending the upcoming elections must have shortened.......

Not sure about that - if markets dont like uncertainty, then the 'temporary suspension of democracy' is only going to make them worse.

 

[weltweit]

What will happen if the economy goes tits up ..

. People will increasingly default on their mortgages and be evicted from their homes

. Banks will fail to finance the working capital of sound businesses which will fold

. People will increasingly be made redundant and have to sign up for benefits

. People will stop buying new (cars for example), those sectors will fold

. Gordon Brown will have to admit that he has not banished boom and bust!

. Peoples savings and investments (pensions) will be devalued massively

 

[Yuwipi Woman]

They showed the opening of the markets live this morning on the news, alongside a counter for the DOW in one corner. During the five minutes they were talking the counter dropped 600 points. Wow. I was figuring it would bottom out around 7,000, but I didn't think it would be this week. Wow.

 

[dennisr]

They showed the opening of the markets live this morning on the news, alongside a counter for the DOW in one corner. During the five minutes they were talking the counter dropped 600 points. Wow. I was figuring it would bottom out around 7,000, but I didn't think it would be this week. Wow.

"there is no alternative"

 

[Yuwipi Woman]

"there is no alternative"

I'm not panicking, I'm rather impressed actually.

 

[dilute micro]

A depression is bound to be good for character building.

 

[Yuwipi Woman]

A depression is bound to be good for character building.

Thanks! I remember that when I making soup from catsup packets and picking out a comfy refrigerator box to sleep in.