Saturday 20 January 2018

We can't let the markets monster rule the world

Christina Patterson

IT'S quite hard, when you're lying in the dentist's chair, with a funny mould thing in your mouth, to shriek.

It's quite hard, in fact, to make any kind of noise when your jaws are stuck in what feels like cold clay. But on Monday, to my dentist's surprise, I did. I shrieked not because the mould was cold, or because being told not to move always makes me want to. I shrieked because a man on the TV monitor above me was saying things you couldn't possibly hear and keep your mouth shut.

The man, who was wearing a pink tie, was an "independent trader". He was being asked about the latest eurozone rescue plan. "It's not going to work," he said, "because this problem can't be solved". The euro, he said, was "going to crash". But when the interviewer asked what he thought might work, he looked confused. "I'm a trader," he said. "We don't care whether they're going to fix the economy. Our job is to make money from it."

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