Not good for those who leveraged trillions of dollars of valuation in non-petrol investments. The stock market hasn't been having problems just because of China

Not good for those who leveraged trillions of dollars of valuation in non-petrol investments. The stock market hasn't been having problems just because of China. There's still trillions of unwinding to go, and what's in progress is a huge wealth non-transfer: the assets and expected profits in petrol coming from consumers won't actually be transferred. Not that I'm complaining... Except fuel taxes are now way too low.