@riedyriedy the right thing to do? that's debatable. but the german government couldn't possibly have picked a worse time to unilaterally announce it. right in the middle of the recovery from the flash crash. no better way to show panic and shatter investor confidence (unless it was their explicit intention to maximize the decline in the euro to increase imports).
There is a huge difference between "short selling" and "naked short selling". Germany banned "naked short selling" as correctly indicated by Ape65. This was the right thing to do and other governments should follow Germany's lead.
@riedyriedy the right thing to do? that's debatable. but the german government couldn't possibly have picked a worse time to unilaterally announce it. right in the middle of the recovery from the flash crash. no better way to show panic and shatter investor confidence (unless it was their explicit intention to maximize the decline in the euro to increase imports).
bfq3000 1 year ago
Garth Turner does not have the qualification to make this type of prediction.
derberg19486 1 year ago
There is a huge difference between "short selling" and "naked short selling". Germany banned "naked short selling" as correctly indicated by Ape65. This was the right thing to do and other governments should follow Germany's lead.
riedyriedy 1 year ago
Germany didn't ban short selling, they banned naked short selling on certain assets such as government bonds.
Ape65 1 year ago