I have been travelling quite a lot by air lately. Consequently I have heard the safety announcements fairly often. You know the one, with the instructions on the brace position and holding onto your ankles so your feet won’t leave the floor in an emergency. I was led to reflect on the seemingly ineffectual nature of such an activity when you are hurtling earthwards at a frightening pace after hearing about the Qantas plane dropping from the sky, causing panic and some severe injuries before being able to right itself. But I do keep my seat belt fastened which is probably all you can realistically do when the chips are down.
I also wonder how useful the equivalent economic brace positions adopted by governments around the world might be in the current economic maelstrom. As I watch my retirement savings diminish I hope they will have some effect.
