"It was carnage yesterday," said xxxx "It was a bloodbath across the spectrum."
Now what do you think is being described here- the latest miltary offensive in Basra, the West Bank or Herat? The continuing conflict in Congo which claims 45,000 lives a month? An ice hockey match? Teenage gang warfare in the projects? No actually it was a description of a 5 - 7 % decline in the value of global share indexes on Monday.
It could be that the toilets of the stock exchanges were full of traders and brokers slitting their wrists and the sidewalks were littered with the corpses of jumpers fearing the loss of their annual bonuses. But I think not and find these kind of statements not only over-dramatic - but also frankly offensive. Whether we like it or not these people have influence over many aspects of our lives - yet they don't seem able to distinguish between a bad day at the office and genocide.
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I quite agree. The media here have been full of share-horror coverage, with earnest besuited economics experts waffling away about plummeting confidence and other deeply scientific explanations. It all makes very little difference to ordinary folk who just carry on as normal. It's only the investors who're wetting themselves - well, I hope they lose a few bucks and can't afford a new BMW.
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