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Old 16-09-2008, 08:06 AM #1
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Sticks Sticks is offline
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Join Date: Oct 2002
Location: Newcastle upon Tyne
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Sticks Sticks is offline
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Join Date: Oct 2002
Location: Newcastle upon Tyne
Posts: 10,247


Default The Credit Crunch (Psychological effect)

For those not familiar with the term see here

Back in 1992, it was declared an Annus Horribilus for the Queen, but by the end of the year, everyone seemed depressed and everyone wanted to see the back of that year. (I am not sure 1993 was that much better)

But now we have the credit crunch and the rise in oil prises

We have seen a collaped bank, failed airlines.

Does anyone else sense, like in 1992 a general air of gloom and despondency caused by the credit crunch, even if technically they are not directly effected by it?

Does anyone have any ideas on how to stop it in it's tracks?

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