Monday morning feeling
Welcome to another anxious Monday morning.
Money markets are deeply stressed again, with the Asian rates for lending between banks for three months remaining at their highest level since last December.
Asian stock markets are falling, with Japan down 5%.
And it's the troubles of Europe's banks, and the messy response of the authorities, that's to blame.
First, let's accentuate the positive.
The troubled German property lender, Hypo Real Estate, has been rescued for the second time in a week, with a package of loans provided by the government in partnership with a consortium of banks and insurers.
And the UK seems to have moved a step closer to announcing the details of a contingency plan being worked on in the Treasury (which I described in my note on Saturday) to inject billions of precious new capital into British banks.
So far, so reassuring.
We still don't know how and what the Icelandic government will do to restore confidence in its banking system.
There's talk of a great national effort, or the use of its citizens' £8bn of pension savings to provide financial support to banks that may need it.
But as of now, it's unclear what Iceland will attempt to do to stem the flight out of its currency and shore up banks that have borrowed £80bn in foreign currencies (and see my other Saturday note, "Markets call time on Iceland").
Finally, there's the residual uncertainty about the extent of Germany's guarantee to holders of private accounts.
It certainly looks as though it's providing 100% insurance to £450bn of deposits. Which seems fairly ambitious, and will put pressure on the UK government to do something similar.
But here's the thing: retail deposits in the UK are much greater than that, some £950bn, according to an analysis by the City watchdog, the Financial Services Authority.
In other words, we in the UK appear to hold more of our savings in authorised banks than seems to be the case in Germany.
So for the UK to offer 100% protection would put a proportionately great strain on the public sector's balance sheet.