Interesting read on Don Coxe

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wpgmoney

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Interesting read on Don Coxe

posted on Feb 22, 2009 07:00PM

Why it all went wrong

Donald Coxe put his money on commodities just as they went bust. Now, he's betting on inflation, China and India

http://www.theglobeandmail.com/partn...

Basically the US government had to save the financial system by ending shorts (outlawing shorts) on financial stocks, the hedge funds had to sell their long positions on commodities to cover their shorts on banks.

Don Coxe says it was necessary even though he personaly lost 40% or $2m. I'm not so forgiving!