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Subject Market chaos warning after German ban on shorting

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Original Message Hold on....It's going to be a fun ride. Hope you're on the short side.

Traders are predicting chaos on the world's second-largest government bond market after the German authorities on Tuesday announced a ban on all naked short-selling in European public debt, as well as shares in the country's 10 largest financial institutions.

The unprecedented step saw the euro sink to a four-year low after Germany said that from midnight shorting of credit default swaps of any European government would be banned.

The prohibition is an attempt to counter speculators that Berlin believes are trying to destabilise the region's sovereign bond market.

[link to www.telegraph.co.uk]

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