HomeNationalA market the place two snakes stare at a harmful sport| NHK

A market the place two snakes stare at a harmful sport[New York economic column]| NHK

A market the place two snakes stare at a harmful sport[New York economic column]| NHK

New York’s monetary markets are actually trembling beneath the gaze of two snakes. like a frog. The first snake is a hedge fund that expects stock costs to fall by way of a method known as “short selling” primarily based on financial institution failures. The different snake is the Washington politicians who’re partisan whereas holding the nationwide debt hostage over the US debt ceiling. Both play a deadly ‘sport’ and one misstep can wreak havoc in the marketplace. How is that this sport going? (U.S. General Bureau Reporter Daisuke Ezaki)

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