Tuesday, July 24, 2012
Insider trading conviction
The big concern is that a flight from equities pushes up interest rates. So currently there is no yield anywhere, and perilously close to people just demanding and holding paper money. Everytime there is a sniff that equity holders are getting fleeced through corruption or market fixing gets closer to the point that there is a general market exit because no point taking the risk for no yield. All of these convictions move closer to a collapse in share prices.