EDITORIAL: Sing along to the depression song

By: Chris Smith


The Reserve Bank has dropped the interest rate by 100 basis points to 4.5 percent. Things are looking shaky for

The Reserve Bank has dropped the interest rate by 100 basis points to 4.5 percent. Things are looking shaky for the economy and analysts are comparing the indicators as resembling the period before the Great Depression, which rocked the world from about 1929 through to the 1940s.

At this point the state of the Global economy is an uncertainty, however this came through this morning, not so cheery but still the latest Christmas carol song for 2008!

Now sing along….

You'd better watch out
You'd better not cry
You'd better keep cash
I'm telling you why:
Recession is coming to town.

It's hitting you once,
It's hitting you twice
It doesn't care if you've been careful and wise
Recession is coming to town

It's worthless if you've got shares
It's worthless if you've got bonds
It's safe when you've got cash in hand
So keep cash for goodness sake, HEY
You'd better watch out
You'd better not cry
You'd better keep cash
I'm telling you why:
Recession is coming to town!

Finance products are confusing
Finance products are so vague
The banks make you bear the cost of risk

So keep out for goodness sake, OH
You'd better watch out
You'd better not cry
You'd better keep cash
I'm telling you why:
Recession is coming to town.

You can also follow our updates by liking us on Facebook