Tuesday 16 September 2008 1.22pm
Following the turmoil of yesterday (which included the 4th largest bank in the US going bankrupt), the FTSE is down another
4% today.......... ditto for the Dow-Jones.
AIG, the world's largest insurance company (worth $1 trillion), is on the brink of collapse...
HBOS shares are down 40%...
Morgan Stanley reportedly in trouble...
Even the Royal Bank of Scotland has lost 12% of its value today.
All this, on the same day that UK inflation has hit 4.7% (this is just the government's figure - the actual figure is probably far higher!!).
People, we're in for some very, very tough times ahead.