Gloom settles over international markets; confidence vanishes
Gold has fallen sharply again and is now down to US$1,550 / oz.
US oil is down sharply as well, trading at just US$78 / barrel after earlier flirting with US$77 / barrel.
The NZ$ is currently at NZ$1 = US$0.7680 after being as low as US$0.7640.
Against the euro, NZ$1 = €0.5723.
The carnage is just ahead of the markets opening in London.
It's going to be a tough night.
How would you feel about New Zealand having to contribute "its share" to prop up a bankrupt Europe?