Short-sellers are good for markets

Elon’s not a shorts man IT IS a stressful time to be an investor in Tesla. On September 29th shares in the electric-car manufacturer soared by 17% after its boss, Elon Musk, settled fraud charges with America’s Securities and Exchange Commission (SEC). Just days later, on October 4th, a series of belligerent tweets by the […]

A ticking time bomb in China has global markets looking really shaky right now

Reuters/CHINA STRINGER NETWORK Global markets are jittery in recent days as fears about growth in China take hold. “The larger the stimulus used by China to offset the trade war impact, the bigger will its deficit likely be,” Tao Wang, UBS’s chief China economist, said in a report on Tuesday Markets are also worried about the ongoing Italian debt […]

How the yuan sets the tone in currency markets

MARIO DRAGHI, boss of the European Central Bank (ECB), is a polished speaker, clear and direct. Yet there was a moment after the bank’s monetary-policy meeting on September 13th when he was uncharacteristically vague. Asked how the ECB might recycle the proceeds from maturing bonds once it ends its bond-buying programme, he said the issue […]

Markets are suffering from a nasty bout of millenarianism

A SKIT in the 1979 film, “The Secret Policeman’s Ball”, features Peter Cook, a revered British comedian, as the leader of a cult whose members have gathered on a mountain to watch the end of the world. His followers are full of questions. How will the Earth perish? Will there be a mighty wind? What […]