August 10, 2007 (LPAC) -- The "unprecedented event" reported here on Wednesday, involving a massive sell-off of stock around the world by a single unknown entity, has continued through Friday, reaching between $9-15 billion, according to a knowledgeable source in the City of London. The "market neutral" funds, which are being hit hard by this selloff believed at first that it was a large hedge fund dumping its holdings before bailing out of the current chaos in the global credit markets, but the sell-off has now become too large, "too big even to be Goldman Sachs," according to the source.
Lyndon LaRouche concurred, adding that it would be wise to look at operators like Australia's Rupert Murdoch, rather than normal speculators - that you must take into account such things as the Murdoch take-over of the Wall Street Journal. Look at the Australian and New Zealand financial chaos wrought by the unwinding of the yen carry trade, LaRouche advised.