
Today’s global economy is full of dangers, one of the most precarious being the Silicon Valley tech sector; in particular, the impending stampede of “unicorns”. This term has come to describe the primary threat facing the tech sector, with the possibility of a cataclysmic repetition of the 1999 dot-com bubble.

Only a few short years ago it seemed that the tech market could do no wrong. Whatever problems the rest of world capitalism faced, the tech industries looked to be moving from success to success, with ever-larger profits each year. But, as Steve Jones (not Jobs) reports, the major technology firms – such as Apple – are now facing an increasingly uncertain future.

The spectre of Lehman Brothers is haunting Europe. Last week, on Monday 26th September, the price of shares in Deutsche bank, Germany’s largest lender, slumped to its lowest level since 1983. A slump of this magnitude in the shares of one of Europe’s biggest banks has dire implications, not only for the eurozone, but for the world economy as a whole.