Posted: Oct 01, 2019 10:50 pm
Thommo wrote:https://www.bbc.co.uk/news/business-49898289The claim that these no deal-backing hedge funds are betting against British companies that will falter come 1 November is also hard to find evidence for. The way most hedge funds work is that they take two positions - one long, one short.
...
The widespread acceptance of this current conspiracy theory demonstrates that this rings true for many. But, as yet, there has not been enough evidence produced that a few shadowy financiers are pulling the strings of a no-deal Brexit puppet.
I'm pretty sure that's true. If we end up with no deal it will be because of a host of reasons completely unrelated to market conspiracy theories. Ineptitude and political self-interest in Downing st, reckless arrogance from David Cameron, and decades of EU blaming by politicians and media on all sides, for example.
Maybe I'll open an IG spread betting account myself.