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Any other business

If there’s a crash now, the markets will have done it to themselves

Also in Any Other Business: Central bankers really are getting shorter; keeping power plants alive

20 February 2016

9:00 AM

20 February 2016

9:00 AM

All this talk of a new financial apocalypse, so soon after the last one, is starting to annoy me. Partly because investors as a crowd are so irrational; -partly because so much that governments and central banks have done to contribute to the current market mayhem seems to work against the sensible efforts of ordinary folk to build a bottom-up recovery.

Markets first.

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As the US decides, so can you

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