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Short-sellers bet on stock market crash

Julia Kollewe

* guardian.co.uk,
* Monday July 21, 2008

Investors across the world are betting more than one trillion dollars on a collapse in stock prices.

More than $1.4tn of equities worldwide are now on loan, about a third more than at the start of 2007, according to Bloomberg. Almost all of that is being used to speculate that shares will fall.

Fund managers made at least $1.4bn in July from betting against the troubled US mortgage groups Fannie Mae and Freddie Mac.

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