The President and Congress better get their plan to stimulate the economy moving, and quick. It sounds like it’s trying to stall out on us, and soon. Kind of like that car you owned in college that you had to keep idling high at the stoplights to keep it from dying, only when it did get going you had to use yuor emergency brake to stop it too.

The FTSE 100 on Monday suffered its biggest one-day fall since the attacks on the World Trade Centre more than six years ago as the worst fears about the prospects for the global economy took hold.

In a tumultuous session, the index was down as much as 5.7 per cent to 5,571.0 as dealers capitulated following sharp falls on Asian markets overnight.

This is equal to the 5.7 per cent fall on September 11 2001. “The acrid smell of fears hangs over the City. I’ve never seen fear like this,” said David Buik, strategist at Cantor Index.

Too bad our economy doesn’t need an emergency brake, I know a Plymouth Valiant that has a great emergency brake.

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