Staring into the abyss (continued)...

"If you stare into the Abyss long enough the Abyss stares back at you".
Friedrich Nietzsche

According to the head of the International Monetary Fund (IMF), the world financial system is teetering on the "brink of systemic meltdown".
The stark warning was made by Dominique Strauss-Kahn in Washington after talks with US President George W Bush, Group of Seven (G7) finance ministers and the World Bank.
Mr Strauss-Kahn added that the crisis was being fanned by fears over debt-ridden banks but added rich nations had so far failed to restore confidence.
IMF in global 'meltdown' warning

So we continue to stare into the abyss which has been staring back at us since last year. I hope our governments can contain the fear stalking the global financial markets, because the alternative is grim....