E.U. Time to Shine

100518bokloresYesterday Germany outlawed naked shortselling. I looked it up, it has nothing to do with day trading at home in your underwear.  In most short selling you have to borrow the security you are shorting and then return it at the hoped for lower price.  With a naked short you don’t even borrow the the security. The euro responded to the new rule by falling to a 4 year low. The E.U. is on the hook for a trillion dollar bailout and Paul Volker says a breakup is possible.

2 Responses to E.U. Time to Shine

  1. Carrieann says:

    Your bio says you wrote a children’s book w/Helen Thomas…..is that THE Helen Thomas??

  2. Carrieann says:

    I like your work……don’t care for Helen’s tho….

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