SIR – The global financial situation was not predicted by the many overpaid experts. Their financial acumen seems to be somewhat inaccurate. We now seem to hang on their every word of doom and gloom. The truth is they don’t know what will happen. However, you can talk yourself into recession with everyone panicking about the future and not spending.

We need to start engendering a more optimistic view based on values other than financial ones. Money is not everything but unfortunately it is probably at the root of all evil.

RICHARD BIRD,

Worcester.