Afghan markets…

Posted on Nov 05, 2011 by in Letters

We have been reading "The Great Game" (and also "Flashman" comic masterpiece about Afghanistan). These recount the struggle for empire between the Russians and the British in the 19th century. Tales of deceit, treachery, betrayal and brutality.  An apt metaphor for our current markets. We read one account (of the market, not the Great Game) in which the analyst said in sum that everybody with any sense was on the sidelines and it was the flash traders and the hedge funds who were banging each other.  Could be.  Jibes with our observation anyway.

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