The events of the past few weeks have clearly been unprecedented in the annals of the global financial system, and as an interested party I have been avidly following all that has been said in print and on-line. Now, whilst the usual commentators have been, in the main, pursuing their usual measured approach, there also appears to have been a large tranche of people who have happily leapt aboard the bandwagon – and who have stoked the fires of hysteria to new levels. This article, I hope will try to bring a more objective, emotionless view to what is actually going on and (more importantly) what we should be doing about it.

Undeniably we are in a period ...   more »