The Mad Economy

I cannot understand what is going on out there with the 'economy' how come all of the banks money has disappeared into a great big black hole - why has this happened ??

In the old days well in 2006/2007 we all went to work hopefully did a good job and got paid by our employer as we had helped to put money into the business - in 2008 our prospects got more and more gloomy and I am sure that we really did talk ourselves into what is now happening out there

I never was a fan of going into the Euro but with hindsight we should have gone for it when we had the chance - a lot of companies and individuals have now and will in the future lose a lot of money either because they are trading in Euro's or they are living in a Euro country and their sterling is virtually worthless compared to even 6 months ago !!! I think a lot of us remembered going decimal and how confused we all got and that was probably the biggest worry about changing currencies.

I feel sorry for the people with savings that depended on the income from their investments they are getting absolutely nothing now - I know that lowering interest rates has made a lot of mortgages go down but it all seems pretty mad to me.

Just wish someone would explain to me what those people in the City actually do and why that and that black hole seems to have made us all so much poorer !!

My dogs don't care about the economy as long as they get walked, fed and watered on a regular basis and I will be quite happy for as long as I can carry on doing that for them.