Cable ruins Cable

The biggest threat to Cable is Cable.
Cable is the term used by currency traders for the Sterling–US Dollar exchange rate (dating from the 19th century when the rate was transmitted by a transatlantic cable).
The prospect of a hung parliament this spring is sending jitters round the world, and the value of the British pound rapidly towards a 25-year low.
Traders fear the worst if vacillating Vincent Cable were to become involved with Britain’s economic policy.
Far from predicting the current crisis Cable warned merely about personal debt in 2003, and later conceded that the global financial crisis was actually triggered by the US mortgage market about which he knew very little.
Back in 1999 he campaigned vigorously for light touch regulation of financial services, meaning his recent denunciation of market excesses ring hollow.
These conflicting views are typical of Britain’s third party which he represents, and offer no path to recovery.