Zie this credit crunch has just started.
Although the share market and banks have guaranteed savings im sure it will crash at least a few more times.
Lots has to do with the American housing market. As the banks did loan to much to people who couldn't afford to pay it back in so called low mortgages to start of with and then coming into full affect after a few year they took them out.
That will peak next year so it will be worse for a while to come.
This week there was a program on tv here it was filmed in 2007 it was a eye opener indeed.
I give you the link
http://www.abc.net.au/4corners/content/2008/s2387463.htmIts wort wile watching as its not bayest