Tectonic movements

Wednesday, September 17, 2008

The past 48 hours have been face-changing for the financial sector.

Ripple effects of the US sub-prime crisis had never hit home so close as the news about AIG, the insurer for several of our insurance policies. I read with growing unease about how Merrill Lynch and Lehman Brothers have been drawn into the Wall Street carnage with buy-outs by Bank of America for the former and Barclays for the latter's US units.

Events moved so quickly that it left little time for reaction, leaving many in the tailspin of the whirlwind. In a knee-jerk reaction to the AIG gloom, many responded quickly. Not that I blame them, I guess it is the survival instinct that kicked in the need to do something and not just sit and wait for the worst.

Hubby and I spent a good part of last night assessing the opportunities and risks in the current market turmoil with our financial advisor, who called to address any concerns we might have in view of the recent events. Hopefully things will pan out well in the days to come.

It is early days still. Yet I sense the peace of God even in the midst of all this, akin to being in the eye of the storm.

Eye Of The Storm

Job 5:24
You will know that your tent is secure;
you will take stock of your property
and find nothing missing.