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Old 09-26-2011, 10:28 PM   #1
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"I Dream of Another Recession"

Trader on the BBC says Eurozone Market will crash - YouTube

The most honest trader in the world?
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Old 09-26-2011, 10:51 PM   #2
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Wow.

I'm not sure I like hearing my fears out loud.
We'll see if he's right, but fear does breed fear.
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Old 09-26-2011, 11:00 PM   #3
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govenments don't rule the world, goldman sachs rules the world
and they do not care about people
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Old 09-27-2011, 01:20 AM   #4
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Well, he benefits if his predictions/prescriptions come true, so if a little truth-telling/wishful thinking helps the panic along, so much the better for him.
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Old 09-27-2011, 01:38 AM   #5
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not much of a leap, predicting a 'fear' contagion in the Euro Union

I'd say it's at least a 5-25% possibility
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Old 09-27-2011, 03:24 AM   #6
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why the fuck is he smirking?
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Old 09-27-2011, 03:42 AM   #7
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He's a commie in disguise!1!11!

I wish that were true.
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Old 09-27-2011, 03:58 AM   #8
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You would *almost* think that guy just won a bet.
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Old 09-27-2011, 07:20 AM   #9
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I am surprised Finance Guy got beaten to posting this. T'was on Zero Hedge recently
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Old 09-27-2011, 09:10 AM   #10
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i believe the proper place for this post would be the "we're fucked" thread... because, yea... we're fucked.
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Old 09-27-2011, 10:55 AM   #11
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he's causing a bit of a stir in The Guardian today, too! Brit media not sure if he's a hoax, but apparently a BBC investigation claims he's authentic...

Trader's Goldman Sachs comments spark BBC hoax claims | Media | guardian.co.uk
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Old 09-27-2011, 03:38 PM   #12
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well, he's being discredited in the British press... there is probably some truth to what he's saying though - our governments clearly do not rule the world - they are showing themselves to be incredibly inept in this ongoing crisis, and we are all pretty much left at the mercy of the big financial gamblers our banks and financial institutions have become...

BBC financial expert Alessio Rastani: 'I'm an attention seeker not a trader' - Telegraph

i can't believe he had the guts to go right out there and do that though! no wonder he was smirking! lol
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Old 09-27-2011, 04:02 PM   #13
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It doesn't really matter, though. The point is he basically summed up what traders really think. You didn't hear a shit ton of them coming out and saying, "He doesn't represent us."

I don't trust capitalism anymore than I trust the government. The only difference between socialism and the current state of America is that we're controlled by the wealthy instead of the government.
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Old 09-27-2011, 06:52 PM   #14
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Quote:
Originally Posted by Canadiens1131 View Post
I am surprised Finance Guy got beaten to posting this. T'was on Zero Hedge recently

Because I guessed he was not the real deal. A real trader, analyst or hedge fund manager, though some may indulge in the odd bit of hyperbole, will be less dramatic, more analytical and more specific - e.g., "I expect USD to appreciate to 1.25 against the EUR by end of Q4 2011", "I expect the Brent/WTI differential to narrow to $15 by Q1 2012", "Currently our fund is 25% in treasuries", etc.

Real analysts and traders are interviewed on Bloomberg and MSBNC any day of the week - this guy has not said anything particularly interesting or original. He has actually said very little at all, if you parse it carefully. As for the statement that markets and not governments rule the world, we hold these truths to be self-evident, no?

He is not a Peter Schiff, a Peter Thiel or a Hugh Hendry - he just a common-or-garden day trader and has as much 'right' to be interviewed by the BBC as I do.
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Old 09-27-2011, 06:53 PM   #15
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This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.

The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
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