On the surface the Wall Street gyrations seem confused. But last night’s two per cent fall in American markets was delivering a chilling message to the world, which is easy to understand. There are deep global problems that are not being recognised by the market in the big US stocks. Actually the smaller American stocks and the oil market have recognised these problems.
So let’s list the four big dangers that created the jitters that caused last night’s fall. These dangers may be contained and overcome by good news but we need to be aware of them.