It is being reported widely that the drop in the Nikkei on Friday is the largest since the 1987 crash. In absolute terms this is true – in relative terms it is nonsense. If you work in a field outside of finance that uses risk as a measure then you will understand the distinction between…
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Once again we find financial pundits proclaiming the end of the world. As with most things, the true picture is much more nuanced. <
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