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Showing posts with the label stock exchange de regulation

The Big Bang

So that was the Big Bang was it? What revolutionised the Stock Exchange and shook the City actually made no difference to most. Workers woke up one morning to a deregulated Stock Exchange, but would not have had much time to ponder the significance of such a revolution on their lifestyle before they had to get to their work or their place in the DHSS queue.

 But of course, such matters must be important mustn't they? After all, it's on the news every evening, after the royal item and before the Granny parachuting-for-charity, we get the summary of the share price fluctuations, and hear how the Pound struggled, rallied, finished weakly. As one who after a usual day's work (struggled, rallied, finished weakly) cannot see the significance of it all, I sent off for the Stock exchange's glossy pamphlet An Introduction to the Stock Market. Thinking that "bull" was what economists talked about (rather than a type of market), I needed to see what all the fuss was ab…