Tuesday 7 December 2010

Bears go mainstream

If you won't quite believe bloggers and even doubt financial world insiders, perhaps you'll listen to one of the voices of middle-class, middle-brow England: Max Hastings. Britain's most-read newspaper the Daily Mail today published a piece by Hastings titled "We're all doomed."

It's only half-joking, and reminds me of the British hedge fund manager who, in 2008, actually came home at the end of one week and bought a farmer neighbour's flock of sheep, to ensure that his family would have something to eat in the general system breakdown.

Be prepared for emergencies, even if you don't expect one.

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