Novelist. Author of APSARAS and tales from the beautiful Saigh Valley. First person to quantify spiritual values.

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Thursday 16 October 2014

Where has the £46 billion gone?

The London stock exchange saw £46 billion wiped off the value of shares yesterday in what was a global sell off.
But who are the real losers? I suspect it is thousands of private investors who put their hard earned cash into stocks rather than leave it in low interest bank saving accounts. I suspect also that pension funds suffered leaving the man in the street short after a lifetime of toil. But as is always the case with the financial markets, where you have losers you must have winners. Step forward the hedge funds and private banks with huge wealth management portfolios creating yet more polarisation in the 'have' and 'have-not' population. It will all end in tears.

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