Stock prices do not always go up

In case you are still entirely convinced that the softness in stock markets is temporary and can be relived by another interest rate cut, please read this potted history of bear markets by The Economist. Wall Street has had a good run for a quarter of a century, but if were to go the way of the Japanese market since 1990, few of us would be happy.

Global business confidence index still positive, just
All the pork in China ...

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