Silver linings

There comes a point in all stock market falls, or in this case plummets, when onlookers could sensibly wonder if enough is not enough. For my sins, I can remember three previous financial crises, being made redundant as a result of two. Each time, we began to see double digit dividends and companies' capital value set at less than the realisable value of their assets. This might not be widespread yet but the markets are certainly beginning to impact on the day-to-day activities of some perfectly decent companies. The larger insurers are seeing billions wiped of their capital adequacy mand...