Former government advisor says be prepared

[Mortblanc]

Things went a bit nuts over here on Monday morning, but rallied through the day as the annalists realized that the 1000 point drop in our market was only a 3% correction and we regained that by lunch.

I think your "former Labor party advisor" is trying to stir the political pot. If labor were in power he would be shouting from the roof tops to not worry, keep the nose to the grindstone and forge ahead.

And as a comparison, the 2008 recession is still going as far as I am concerned. Jobs have not completely recovered, housing prices have not recovered and pay is still down.

And if he is anticipating a disaster 20x worse, a month of food and a tenner in your pocket is not going to last it out.