ACBC President, Archbishop Philip Wilson
18 December 2008
One of the interesting aspects of the world economic crisis is how it seems to have surprised so many people, including the economic experts, in its size and scale. Day after day, pages of newsprint and hours of broadcast time are devoted to analysis of what went wrong and how it can be rectified. All of us, from the Chairman of the US Federal Reserve to the person on the street, are trying to make sense of it all.
One thing we do know about this crisis is that it affects us all in varying ways. As stocks crash, businesses and industries fail, governments seek to respond and individuals and families tighten the purse strings to prepare for what looks like a bumpy road ahead. Many people have watched the bottom fall out of their retirement nest-egg, others have had savings locked up by financial institutions and, even as interest rates fall, families are keeping a wary eye on their job security and their mortgage commitments. Read more here: http://www.fides.org/eng/documents/AUSTRALIA_Christmas_Message.doc