I've always been intriguiged by economics and policy, but this new podcast I have been listening to,
Deep Capture, does a fabulous job of explaining what is going on right now with the American and world economy. There is SO MUCH happening with our savings, mortgages, stocks, etc., it's really very overwhelming.
Naked short selling is complicated and scary, and I need to learn more for the sake of my well-being and future.
In some way, Bear Sterns' demise was in part because of naked short selling. At first the SEC did not believe that short selling was a problem, then they decided it could be a problem, and now it is definitely a problem and they are investigating traders and hedge funds for these practices. Hedge funds rely on journalists to spread lies about companies in order to make their stocks go down...all very confusing, but not surprising in the least bit.
I can't explain this as well as the experts, so please read the following blogs and listen to the following podcasts. Do yourself a favor and get informed!
Max Keiser Radio: Follow the MoneyDeep CaptureKarmabanqueThe Faulking Truth
Labels: finance