The New Global Currency: Collective Commonsense pegged to Confidence.

Well, I'm glad (as I look at the gains in world stock markets) that finally commonsense, allied with collectivism and the all important winner, 'Confidence' have been restored.

Hopefully Robert Peston will now go back to simply reporting on business matters, rather than predicting the end of the world as we know it and we will see a gradual stabilisation of the world's markets as they address recovering from the massive credit hangover of the last few years.

I also hope that 'proper' businesses like KMI's, which design, manufacture and market essential FMCG products will be recognised for the contribution they make to the UK, and that the cowboys who specialised in 'exotic stuff' will be sent to permanent exile.

For a good few years at least...

Phew.