Tumult, turbulence and turmoil are just the words beginning with the letter T used by commentators to describe the behaviour of stock markets in October. I think it’s always good to look at the definition of the words we are being asked to accept. For example: turmoil, noun: a state of great disturbance, confusion, or uncertainty . synonyms: confusion, upheaval(s), turbulence, tumult, disorder.
Terry Smith at Fundsmith
Mark Carney, the next Bank of England governor, recently said that the bank should consider more radical measures such as growth targets. Terry Smith disagrees, and explains why.