When referring to the current economic conditions, one analyst said:
'It's been Armageddon more than a slowdown.'
Many agree the recent events have been a bit of a pain in the neck but it hardly constitutes 'Armageddon'.
Even for financiers on wages strongly correlated with market performance it's not exactly the end of the world. We're all still alive, sitting here in our cosy little offices, the banks are still there, people are still investing and thousands of analysts are still earning a decent wage.
So why are people proclaiming the end of the world?
Well probably because they were all spoilt rotten pre-2007. Ireland's stock market performance was nothing short of meteoric but its subsequent depression has taken everyone a bit by surprise.
Even so, I can't take the description of 'Armageddon' seriously, it's a temporary blip caused by a lot of people getting very carried away.
Deputy international editor