Let’s hope the Western stock markets crash

Keith Hudson

Or at least, go down a lot further than recently.  It would cause terrible distress to many millions in the advanced countries, but better sooner than later when the suffering would be worse.  There are simply too many . . . governments, businesses and very rich being presently sustained by an artificial surfeit of dollars, pounds and yen  printed in the past (and presently being added to with euros).  The Western financial system, its pundits worried stiff even by the thought that China might falter, badly needs to purge itself and become balanced again.  China saved the world’s trading system during and since the 2008 credit-crunch but won’t be able to do so this time if the stock markets continue to slide.

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