Eight Billion Pounds

[Malcolm Tucker]

I don't suppose any of us find this particularly surprising: it's the kind of thing hedge funds do all the time and, while we might wonder at the empty morality of 'positioning yourself' to profit from chaos and misery, there's nothing illegal about it. Unless of course there's insider trading going on - and who would bet against that being the case.

Where I would have an issue is if these speculators have direct access to those making the decisions and even more so if they are getting the opportunity to have some input into those decisions. That, to my mind, would be no better than insider dealing; worse if anything.

Here you go the context to the original post

Here you go.

https://fullfact.org/economy/short-positions/

Another of your facts!


What were you saying about Social Media confirming people’s prejudices?

Which is why I didn’t post this with an endorsement simply the article the rumours were based on.

Should put it on the side of a bus etc.

Those articles about the short positions and the subsequent outrage are fucking hilarious, particularly as the majority of those getting themselves into a shit fit over something they don't understand often accuse anyone with a different opinion to them of being some type of moron. The one about Crispin Odey taking short positions on companies like The Royal Mail (like post isn't a dying game) also featured a small mention of him taking long positions on companies like Tesco, which was totally ignored amidst the hysteria.