Current News UK | September 16, 2008 | 8 comments

FTSE 100 lowest in three years

source: http://news.sky.com/skynews/Home/Business/Lehman-Brothers-Collapse-Panic-Continues-On-Stock-...

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tallmansam
panic swept through the world's stock markets in the wake of the Lehman Brothers collapse. The FTSE 100 has fallen to its lowest level in three years.

what is going on?
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8 comments // FTSE 100 lowest in three years

  • Beta_Boy
    • 0
      Beta_Boy  

    • It is going to keep falling I suspect and there will be a wealth of redundancies and reposessions. We are all paying the price of outstanding greed on the part of city money men.

      Food inflation and energy costs are soaring and the only way to combat it is to look for renewable energy sources and go back to basics and start growing more of our own food (or eat differently).

    • 3 years ago
  • StrangeConversation
  • abbym0308
    • 0
      abbym0308  
    • Image

    • Wondering what all this means for you? Shoot the experts over at the Guardian your questions and they'll answer them live from 11am today (Wednesday).

    • 3 years ago
  • jimwiz3416
  • LindseyIndigo
    • 0
      LindseyIndigo  

    • I don't *really* know much about the FTSE, and thankfully my world exists a loooong way from the pink-shirted, pointy-shoed, ruddy-faced city boys that deal with all this money nonsense, but this doesn't sound good. At all.

    • 3 years ago
  • mattbrawn
    • 0
      mattbrawn  

    • I heard this morning that the rates banks use between themselves for 'overnight lending' has hit the roof. I think they said it went from about 5.2% to around 6.75%.

      That's a massive increase and just shows how much all the banks are bricking it.

    • 3 years ago
  • tallmansam
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