Macro perspectives on the Capital Markets, Economy, Geopolitics, Technology and Digital Media

Visit Big Picture

Banning Short Selling

Posted on July 04, 2009

We have a bull market excess stupidity.Now that I think about it, this could very well be the longest bull market in history, running as it has for several 100,000 years.The latest manifestation of this intellectual failure is the new government proposals to ban or radically restrict short selling.Of all the anti-free-market proposals out there, turning equities into a one way bet is by far the least defendable, most ignorant, most damaging to the markets we have seen.NYT excerpt: They have been reviled as the bad hats of Wall Street, nefarious traders who cashed in on the market collapse an...

Original article link


online