There I was, walking around Chinatown in Soho. Meantime three miles further east, a euphemistically named correction was taking place to the stock market.
Correction makes it all sound scientific and numerate, doesn't it? Not just a load of algorithms and (mainly) lads with commission targets trying to get rich quick.' drunk on youth, fueled by greed, and higher than kites,' as Jordan Belfort's Wolf of Wall Street put it.
The market's record-breaking drop of 10% is the definition of a correction, and it means that for every £100k invested in a pension plan, there's now only £90k and someone has liquidised the gap.
A nice commission? Yes, and another one when the markets start to go up again.
It's all a bit panicky really, but no-one understands the impacts. A quick look at the CDC data from John Hopkins University in the USA shows that Coronavirus pales into insignificance compared with regular influenza in the USA, yet it has allegedly created the market mayhem.
Our part-time Prime Minister is hiding in the fridge in miscellaneous grace-and-favour mansions (Chevening & Chequers) until Monday when, after another ;-) announcement, he'll finally run a Cobra meeting about the Chinese flu, which is being used as the scapegoat for all of the market shenanigans.
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