https://theconversation.com/vital-signs-asics-crusade-against-activist-short-sellers-will-be-bad-for-regular-folk-161906#comments-containerTranslation: “Hey hedge-fund folks, do this stuff or we’ll make life difficult for you.”
Naturally, "someones got to pay for my salary" wonders like this Richard Holden guy, Professor of Economics, UNSW, object to the constraints coming in on shorting, as the champion of the "little guy" that he is. After I picked myself off the floor where I'd fallen laughing at the idea of an economics prof at one of Australia's two largest and ugliest sandstones being a champion of anyone other than large financial organisations who shall not be named but that ASIC is warning may now be shamed, and yawned in the face of the liquidity argument for the millionth time being trotted out by pro-shorter interests, I felt quite cheered on behalf of Australia's companies, startups, mom and pops - and its children. Because the level of future GDP being suctionned out of the system by shorters crushing companies, may actually start slowing, and Australia's future potential as a country, might just get a solid boost, from this.
