Cloud-Cuckoo Land

Now, I don’t often devote that much thought to economics, much less try to crystallise my thoughts into words, so I’m free to be proven wrong on this one.  But let’s have a quick look at the following sentence, taken from CNN’s report on yesterday’s economic plummeting: In their single worst day since the 2008 financial crisis, stocks plunged Thursday, with the Dow tumbling 512 points, as fear about the global economy spooked investors. If we focus on the important parts of this statement, we get two facts: the stocks plunged, and this was sparked by fears about the state … Continue reading Cloud-Cuckoo Land