Monday, 17 March 2008

The Credit Crunch - any Christian comment?

(Ed: Is it me, or is there a lack of Christian comment on the elephant in the global living room? (If you're going to remedy this, please observe the 'posting policy' and provide a proper, full, name and location.)

Larry Norman: "children died the days grew cold, a piece of bread could buy a bag of gold, I wish we'd all been ready."

The Daily Telegraph: It is unsettling to watch the world's reserve currency disintegrate. Commodities from gold to oil and wheat are taking on the role of safe-haven "currencies". The monetary order is becoming unhinged. I doubt the dollar can fall much further. What is it to fall against? The spreading credit contagion will cause large parts of the globe to downgrade in hot pursuit - starting with Europe. [...] The race to the bottom must soon begin. Half the world will be slashing rates this year to stave off credit contraction. The dollar will have a lot of company.

No comments will be posted without a full name and location, see the

No comments: