21 January 2009

Meanwhile in the real world…..

One historic day.  It was not the speech but the event itself that will be remembered.  That America now has a black president is significant in itself.

But while the world watched, The Dow Jones drops over 300 points, the Pound nosedives by 4% in a day and UK bank shares tumble once more.  And now this from The Times:

Analysts yesterday were starting to suggest the previously unthinkable: that Britain might lose its AAA rating - a measure of impeccable creditworthiness from international credit ratings agencies that ensures the Government can borrow at rock-bottom interest rates.

Moses is going to have to go one better than divide the Red Sea.

Are we on the edge of something seismic happening!

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