Well, are we all now suitably unnerved at the economic prospects bearing down on us?
At the time I am writing this column Monday afternoon, Wall Street was recovering from its flash crash earlier in the day of nearly 1,100 points, to a much more comfortable fall of “only” 200 points on the Dow Jones Industrial average. Not to be confused with the 531-point drop last Friday, or the 358-point drop the day before, or the 163-point drop the day before that. We won’t even bother looking at the meltdown on Chinese stock markets that started all this; the numbers there were surreal going up, and they are just the same coming down.
