monetary policy, behavioural economics, inflation, stock markets
From the comfort of his bedroom in his parents’ home near Heathrow Airport, Narinder Sarao had made himself nearly £10 million in 5 years. In November 2016 he pleaded guilty in a court in Chicago to a charge of manipulating the market. He now faces up to 30 years in prison for ‘spoofing’ the market and triggering a flash crash, which wiped $1 trillion off the value of UK shares.
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