Cutting Blob to size

Brave Ms Merkel has proposed a ban on “destructive” financial market practices like naked short selling. “The lack of rules and limits can make behaviour in financial markets driven purely by the profit motive destructive and lead to an existential threat to financial stability in Europe and even the world,” Merkel told lawmakers in Berlin today. “The market alone won’t correct these mistakes.”

As expected, in a passive aggressive behaviour, world stock markets sulked in deep red to show their displeasure and for lawmakers to give in and rollback.

At various times, leaders world-over have felt and expressed their desire to curb this menace but Blob has rudely stopped them short of the action.

Hope, the iron lady will not get intimidated by the tantrums of Blob and deal with it sternly to treat market ills once and for all.