The last 24 hours have been crazy to say the least and the worst may still not have occurred. These actions have affected not only the U.S., U.K and the rest of developed countries and markets but you got it ladies & gentleman the entire globe. This day will go down in history as a day to remember.
Not so long ago I remember news footage of people cueing outside of their banks hurrying to withdraw their savings before their institution failed (a.k.a. Northern Rock.)
In the last few hours before I lay my head on my pillow, even stranger images of BBC news footage flash before my eyes. I imagine these scenarios playing out before me as if I could not hear, read lips and all I can do is see. This is what passes before my eyes…
I see businessmen and businesswomen in large cities flowing out of their office blocks with their belongings in hand looking as if they are vacating the premises. The cities look like places that I’ve visited before namely New York City and London. I see a look of helplessness on the faces of people giving interviews and a sense of despair. Now the picture changes to other news footage across the globe. I see two men in suits that seem to be important figures probably of African countries smiling and shaking hands with one another in what seems to be some agreement of sorts. Is this really happening?
The last 24 hours have witnessed one of the worst performing days of the NYSE in the last 7 years, Lehman Bros an institution with over 150 years old filing bankruptcy, Merrill Lynch being sold and the world’s biggest insurer being thrown an $11 billion dollar lifeline. Oh yeah before I forget to mention it also witnesses Robert Mugabe and Morgan Tsvangirai shaking hands signalling a peace sharing agreement. I wonder to myself what is going on, and then Robert Mugabe makes things normal again and makes it a point of slamming and slandering the West. Some things never change.
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