Are we going to make it through 2010 without a Financial Crisis?
1st October today, right in the middle of the 'storm' months in the Financial Markets. Two years ago exactly Lehman had gone under and the UK Banks were about to go down, either to bankruptcy or just in a massive share price collapse. Of course, Black Monday and the Wall Street Crash were also October events.
There are some pretty bad macro-issues around at the moment, with a global currency war and the sovereign debt issues of the outer Euro states.
But so far, so good, the markets are a little up in September having recovered their losses of the summer. Gold keeps rising suggesting some stress, but the pace of the rise is a little lower.
Things as always are on a knife edge...can we escape 2010 without a Financial Crisis?