Ignore the noise, listen to the silence...

Apparently there has been a loud bang in North Korea almost 12 years to the day (10 January 2003) on which they withdrew from the nuclear non proliferation treaty. I am not belittling the concern that is rational, logical and entirely appropriate when such events take place. The world is a dangerous enough place as it is without more rattling of very large and very loud sabres. The Chinese stock market is in turmoil, with prices swinging wildly, and pretty much all world stock markets similarly affected in one way or another. Traders, fund managers and market makers are frantically...