market: Along the way, there have been big losses too, according to The Guardian. But Cawkwell, who writes frequently under his nom de plume Evil Knievil, remains one of a shrinking band of incorrigible market gossips willing to pit their wits against large investment institutions and hedge funds that now dominate the London stock market. Simon Cawkwell, 70, is reputed to have made several fortunes placing financial bets against the shares in companies ranging from Maxwell Communications Corporation and Polly Peck in the early 1990s through to Northern Rock in 2007. The latest signs of rising inflation, Cawkwell argues, could soon trigger a different mood among investors. Cawkwell warns of a weight of cash that has been encouraged – by ultra-low interest rates and quantitative easing – into buying shares since the 2008 financial crisis. Some companies, he suggests, will be rapidly found out as short-sellers move in to target shares that are overvalued.
(news.financializer.com). As
reported in the news.
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