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Regarding all the #ShortingThePound
from a former insider!
While I agree that this looks terrible & exposes the toxic closeness between government & influential donors, it's the government we should be purely focusing on, here's why. A thread! @D_Blanchflower @Ian_Fraser @Peston
from a former insider!
While I agree that this looks terrible & exposes the toxic closeness between government & influential donors, it's the government we should be purely focusing on, here's why. A thread! @D_Blanchflower @Ian_Fraser @Peston
1, Many professional investors regard government as complete idiots, & are much better at predicting market moves, than the Daily Mail or the UK government! It was common knowledge the £ was due to fall over the last few months, due to deteriorating market conditions in the UK!
2, Hedge funds are by their very definition, set up to protect their client's assets, in any market. They put on multiple positions for 1 month +, in order to make money in different scenarios in the market, then close & flip the position when they achieve a specific price level!
