The mainstream media retains a minuscule attention span which leaves fruit flies resembling long-term thinkers. Thus suddenly misplaced optimism lazily received via an economically illiterate Western political caste, has declared it’s a crash, a meltdown! “Black Monday!”

Now, this is pretty ugly and of course in a world where the economy involves 7.3 billion people and an economy worth circa $20 trillion in annual trade, the losses sustained in stock markets are invariably seriously vast numbers way beyond the spending of normal citizens.