Global economics is cruel to real people

THE financial news in the UK, and in much of the world, is full of doom and gloom based on stock market movements. At its worst, there are predictions of another financial meltdown, to match the one in 2008 and the media is happily trotting out old pictures of the fall of Lehman Brothers, complete with ex Masters of the Universe carrying cardboard boxes.

The central role is played by the Sh…