Don't Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself
Robert Sloan
Why Main Street blames financial speculation for economic crashes
Disdain for short selling is as American as apple pie, dating back to our nation's founding. But as Bob Sloan argues in Don't Blame the Shorts, short selling lies at the heart of every Wall Street transaction and fuels the financial system.
Sloan explains that without shorting, credit in high-yield, distressed, convertible bonds and equities vanishes, thus choking economic activity. This eye-opening look at short selling in America provides new insight into our hostile relationship with shorting--a relationship that turns out to be unhealthy and counterproductive.
Disdain for short selling is as American as apple pie, dating back to our nation's founding. But as Bob Sloan argues in Don't Blame the Shorts, short selling lies at the heart of every Wall Street transaction and fuels the financial system.
Sloan explains that without shorting, credit in high-yield, distressed, convertible bonds and equities vanishes, thus choking economic activity. This eye-opening look at short selling in America provides new insight into our hostile relationship with shorting--a relationship that turns out to be unhealthy and counterproductive.
Категорії:
Рік:
2009
Видавництво:
McGraw-Hill Education
Мова:
english
Сторінки:
272
ISBN 10:
0071636870
ISBN 13:
9780071636872
Файл:
PDF, 8.52 MB
IPFS:
,
english, 2009