Does anyone really understand Black Monday?
The stock market plunge, in perspective. (10-year chart.) pic.twitter.com/M30thHhkrv— Justin Wolfers (@JustinWolfers) August 24, 2015
Of course they do. They're paying a lot more attention than you. People like Justin Wolfers, an economist at the University of Michigan and contributing columnist to the New York Times, totally get how China devaluing the yuan translates into a sharp rise in the use of stock photos like this: