Meanwhile on Wall Street

Billothewisp would just like to remind readers that while political deals are being made, that the world has been turning.

One thing you may have missed due to the election Roo-Ha-Ha and while Cleggy and Cameron have been sidling up to each other is that on Thursday, at one point, the world economy appeared to go into global meltdown.

The Dow Jones, at one point lost nearly 1000 points (that is a lot. In fact the biggest daily fall since 1987)

But of course, the people who run these markets are all closely related to sheep.

For some reason one decided to turn and then the whole thing went back on up . It ended the day having lost a mere 350 points. That was still the biggest loss since 2008.

As well as some issues regarding electronic trading, there is the fear this is also tied up with the Greek financial debacle. This is now threatening a domino effect on a number of other (mainly) European economies (unfortunately we are one of the dominoes).

Dear Auntie Angela in Germany is wafting lyrical about the future of the EU etc. etc. etc. A faint hint of hysteria and panic is entering her otherwise dulcet tone these days.

If you have any shares you will probably find they have lost nearly 10% of their value in the last week alone.

This is bad. Very very bad. And getting worse.

So, you thought a hung parliament was a problem!

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