Traders, crazy animals ? who watch over them ?
Image by law_keven via Flickr Today two french articles taken from my favorite economic newsletter, l'expansion. The firts one deals with french stock market instability. Nothong new, but one of the explanation is so epic that I wana share it : "" Une partie de cette industrie (the hedge funds) est en train de mourir, peut-être la moitié, explique-t-il. Donc ils liquident leurs actifs en catastrophe, dans une peur animale, et sans considération pour les nouvelles économiques." In English : Hedge Funds industry is about to die and Hedge Funds traders sell their shares disastrously, with an animal fear, without any consideration for economy news. Grrrr, traders are not human, they're just animal. (ex-rich animals in fact :) ) The second article deals about the 660 millions lost of a French bank, the Caisse d'Eprargne. The article explain that's it's a big lost caused by stupid traders, and only by this group of stupid traders. All the others are go