Squeezed in amid the political coverage on its front page this morning the Wall Street Journal had a fun piece on how chief executives in the US are starting to talk like sailors. They are using weather-related allusions to describe the market conditions facing their businesses.
The naval weather that best symbolises the condition of financial markets, it seems to me, is the opening scene of Master and Commander; The Far Side of the World, the film based on the Patrick O’Brian sea-faring novels. As you may recall, it opens on the Surprise, the ship captained by Jack Aubrey (Russell Crowe) coming under unexpected cannonball fire from a ship hidden in fog. Read more