First recession of the internet age where bad news travels to a vast audience instantaneously dragging confidence down with it. It *IS* going to be worse because we are
1) Better informed on one level and
2) Collectively ****ting ourselves as a result
I don't recall three million unemployed and the decimation of the manufacturing base being a fun time either but this time round we're all dumber and richer and obsessed with the notional resale value of the roof over our heads.
True my friend but the instant news has its drawbacks as everybody has to be seen to be reacting where often the best thing to do is do nothing.
Doing nothing allows the organisation to react in a planned way rather than the kneejerk required to keep Sky news happy.
All good news on the markets gets ignored and all bad news gets oversold.