There is a serious side to this week's article and a slightly flippant one. Lets take the flippant one first. Is it possible for the business media to turn ordinary market volatility into a negative correction or even a crash?
Take a look at the headlines of the last few weeks. We note ever-so slight signs of the impending beginning of the wind-down of US Fed quantitative easing and some overseas markets start to experience capital flight and falling stock markets. Is it the start of another Far Eastern crash a la 1997? A fall in the renminbi is a signal of impending major policy change. A rise in house prices is a sign of another bubble brewing.
(Read more: Frail emerging markets a hot topic at G-20 meeting)