The world markets have taken a beating for a few trading sessions. We are all confounded by the speed, breadth and uniformity in the correction. As usual, yours truly already expressed it long ago (!) with loads of hypotheses and un-correlated facts. So lets start looking at one out of those - my favourite - Wealth Concentration!
The past two decades has created lot of substantially wealthy and globally connected individuals/families. Their numbers were always increasing, but they may have crossed a certain potency threshold in terms of numbers and size of wealth available with each.