The emergence of Arcelor and Mittal has changed all that, with steel groups that have an increasingly global dimension.

ECONOMIST: Steel industry

It is different because the tech bubble-in-the-making is forming largely out of sight in private markets and has a global dimension that its predecessor lacked.

ECONOMIST: Silicon Valley and the technology industry

We have gone through the previous years, the difficult, critical years, also in the global dimension, with a faith in our own power, our strength.

WHITEHOUSE: President Obama and Prime Minister Tusk Press Conference

Mainframe systems were displaced by PC-based and mid-range systems such as Portia, InvestOne, CAMRA, PAM, Axyis, HiPort, Eagle Global Plus and Dimension.

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Historical context is equally important: In 2008, a global catastrophe of unprecedented dimension did not at all seem impossible.

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Even though the global uncertainty adds another dimension to the recent decline, the intermediate-term outlook for the stock market remains positive.

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