I'm not sure this is actually true in any meaningful sense, but it's an interesting attack line, isn't it?https://twitter.com/Steven_Swinford/status/1177847174404677634 …
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There's going to be currency speculation for sure, but I don't see anybody talking realistically about numbers. When George Soros shorted Sterling in 1992, the bet was £200bn - none of the Leave-aligned hedge funds have that kind of clout. But ...
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... imagine if they wanted to convince you they did, in order to attract new investment. That's what I think is happening here.
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Not wishing to counter any of this directly, but isn't a short position only effective - or at least *most* effective - when a crash is sudden and unexpected? Otherwise the market prices in the impending fall - so saying "Oct 31, do or die" for ages would eat into short profits
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He could still be backed by disaster capitalists looking to make merry in the ruins, I'm just not sure people understand what a "short position" is
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