The former special advisor to Gordon Brown has taken to Twitter to issue a warning about the future of the economy, after Black Monday’s catastrophic stock market slide.

In a series of ominous tweets Damien McBride cited the need to stock up on “canned goods and other essentials”, apparently in preparation for the upcoming apocalypse.

He then calls the Fed’s handling of the markets “madness”, insinuating stabilizing measures are the equivalent of “putting a dummy in.”

Mr McBride was special adviser to Gordon Brown and head of communications at the Treasury for a period during the last Labour government

Chinese shares dropped further on Wednesday, totalling a total market fall of 16 percent over the past three days. The FTSE rallied somewhat this morning, but dropped down 0.8 percent in afternoon trade.


Miranda Wadham on 26/08/2015
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