Brave new world - maybe

At some stage the world probably will come to an end. It is, however, unlikely that it will happen this week, month or even year, despite the hysterics of the market and the inability of the US legislature to grasp the importance of the crisis facing world economies.

US Treasury Secretary Hank Paulson's bailout plan is in effect an economic stabilisation plan for the country and possibly the world. Any country that smugly believed it was immune to the US economic catastrophe has certainly now had