When you've existed happily for nearly 4 years on

Biggest one-day fall since 1991 - 77 billion wiped off share values -

http://news.sky.com/skynews/article/0,,30400-1301590,00.html

Perhaps the UK will now concentrate on actually making something (to sell) - music, perhaps? - rather than just letting the City make our money with its dodgy deals ?

Prophetic words from JK.

I also encouraged you all to go out and buy some gold a while ago.

It is now at an 18 month high. I think it may go up a bit further but if you did buy then perhaps now is the time to convert to real hard assetts in case there is a currency crash in late October.

The markets are saying RECOVERY loudly - to try and hide the real facts coming out. Dont believe them. Things are collapsing totally.

Unemployment shooting up today
House sales almost static
Car sales about to fall off cliff due to scrappage finishing ( in Germany they are about to close all car factories )
Councils closing down and cutting jobs
Fire Service cutting quarter
Postal Strikes and closures
QE money running out - will only last til end of October after which the markets will crash unless they print more.

So basically - we are still completely screwed.

Mad Mad World.

JK - what is your prediction about the coming year having got it spectacularly right in Jan 2008 ?