Excited man on the TV pointing to a graphic that read:
FTSE 250 index down 1.11%
FTSE 100 down 0.63%
Germany’s Dax down 1.68%
France’s Cac down 1.64%
Italy’s FTSE MIB down 1.44%
Spain’s Ibex down 1.81%
Dow Jones Industrial Average down 1.37%.
Sterling down 1%
It is no longer 'if' but 'when' he explained saying it was a bad day all round for global markets before another serious looking man said global meltdowns doesn't work like this, they tend to go 'woosh' and we have been 'wooshed' a few times so we would know a 'woosh' when it happens.
I have no idea what the hell they were talking about or what would woosh or how to tell even if it went woosh but from what i can tell the greedy capitalists who run the show never changed anything after the last recession but kept the same rules that ensured the next recession would arrive the same as it has done every decade or so.
As many people are still suffering from the fallout of the 2008 crash, the 2018 one could knock so many people onto their backs before they even get a chance to clamber back onto their feet.
Things need to change as Capitalism just isn't working but all the time the Capitalists are running the show, Capitalism is what we will have and the recessions that wreck so many lives that come with it.