Well, the stock market is not looking too healthy at the moment, and I have to admit I’d a little smug (though not that smug) that I’d made some changes to Pension stuff before this really kicked off. Protected a bit, though not as much as I would like.

Anyway, yesterday the US Federal Reserve slashed interest rates. Was that a ‘clever decision’ or just ‘panic’. Well, even if turns out to be a ‘clever decision’ I feel that it was one fed by panic.

It appeared to help, when the Asian Markets opened, and initially when the European markets opened this morning.

However, the latest developments aren’t so good. The figures from the European markets (at time of writing) are looking very ‘red’.

So, at the moment, with all this the price of oil seems to be coming down. As dicsussed a number of times by Colin Campbell in some of his presentations, we could enter a period of fluctuating (but high) oil costs as we see-saw back and forth between recession and some stability (though maybe never execessive growth).