Taking a position down at the local

The Margin may be a dyed-in-the-wool capitalist lackey, but sometimes he thinks that the market economy is taken a bit too far…

The Margin may be a dyed-in-the-wool capitalist lackey, but sometimes he thinks that the market economy is taken a bit too far.

It seems that a pub in Kuala Lumpur's financial district called "Wall Street" has brought in a system where the prices of drinks rise and fall by the second, based on the demand for the various concoctions. Frazzled dealers who have dealt with the ringgit all day can now continue dealing in the unique atmosphere of a boozer.

An example: Omar Yusoff, a paisleybraced dealer, placed an order for eight Carlsberg at 6.28 ringgits each. Seconds later, Carlsberg was up to 7.5 ringgits a bottle. That's when market sentiment shifted towards Heineken, it seems.

Wonder what Mr Soros makes of this example of Malaysian financial markets.

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