Short Selling - Bit Early for Plaudits Gordon
I do enjoy conference season. It's about the only time of year outside the odd general election that the political parties come out and say what they're about. This time around, especially so given that Labour are woefully unpopular, the Tories are getting the dissent vote in the polls and the Liberal Democrats are actually changing their position for once after years of working out their previous stance just doesn't move the masses.
So as I will start harping on as things progress I'm just going to start raising things as they crop up. Firstly, I hate the bitchy jibes that come out as all parties break the fundamental rule of esteem: that you shouldn't bring down it of others to service your own.
As they all like to play that game it doesn't really do to condemn one side. Just pointing out that it only adds to the sense of childishness that one gets from watching them snipe at each in parliament. Grow up ladies and gents. It's not big and it's not clever.
Oh and whilst we're talking about point scoring. Don't take credit for actions that haven't been in place long enough to actually do anything yet. My understanding of economics should be merely elementary compared to a former chancellor but I know that the economy and especially the stock market is fuelled by confidence. The practice of short selling where there is incentive placed on the players to spread rumours or perform literally any dirty deed that will bring a share price down does absolutely nothing to inspire confidence. In fact it's clear as day it does the exact opposite.
This should have been spotted years ago and outlawed then. So don't even think about using it as a point to be proud of. Tougher regulation has been promised as it has become very clear that the finance sector has been given far too much leeway to do as it pleases. This is just the beginning. Just remember to evaluate for each scenario they roll out consider whether you think it should have been foreseen and they are shutting the gate after the horse bolted or they are putting in place sensible measures at the first prudent opportunity.