Friday, June 20, 2008
Off message but still has implications across many levels of the economy
IT IS difficult being a short-seller. Most shareholders and managers agree that you are an important part of an efficient stockmarket—until you dump shares in their company. Then things can turn nasty. How much of the current rise in oil price is speculative? Most I think....but we are all hurting. One thing is certain someone somewhere will be getting very rich.