I was afraid of this

[fpb]

As I said a couple of days ago, the "markets" are in a state of blood lust where no reason can prevail. And the trouble is that the current generation of politicians, raised and bred in the superstitions of Ronald Thatcher, regards these ugly mobs of gamblers barely out of their teens as a good thing rather than a bad one, and has no mind to fighting them as they ought to be fought. Now they will not be satisfied until either the euro is broken, or thousands of them are broke and bankrupt. The next few weeks will witness a murderous rage from the "markets" not seen since the destruction of the pound and the lira in 1993. One day a politician will come along who will realize that these people have to be controlled.

Comments

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(For a start, how about outlawing, with heavy penalties, short selling and derivatives, so that what people are "trading" are at least real entities and the shares of real companies? All these things are in effect manipulations of debt, and I have written elsewhere how I feel about debt.)