Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think the financial system has stalled, not crashed. There's quite a bit of wait-and-see happening, and credit is very much harder to come by than it was a year ago - which is hardly a bad thing considering how money was being loaned to anyone who could pass a medical test for the most rudimentary evidence of brain activity.

But the system as a whole is still functioning. Money - fictional as it is - is still being counted.

We'll know the system has crashed when trade goes back to barter and/or gold.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Mar 3rd, 2008 at 08:29:07 PM EST

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