imi Posted September 29, 2011 Share Posted September 29, 2011 Perhaps I should repharse the title to Outspoken http://www.youtube.com/watch?v=lqN3amj6AcE&sns=fb Outlook for the Euro doesn't look good at all, Spain, Italy, Portugal, Ireland, Greece all at the risk of defaulting. UK isn't all that great either but the sounds of it, having said that our politicians seem to have a grip on things - NOT. Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted September 29, 2011 Share Posted September 29, 2011 It was always doomed to fail IMO, the different countries involved differ massively from each other. Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted September 29, 2011 Share Posted September 29, 2011 His comment; "the governments don't rule the world, Goldman Sachs rules the world" is going to have the conspiracy theorists out in droves Quote Link to comment Share on other sites More sharing options...
stevie_b Posted September 29, 2011 Share Posted September 29, 2011 There is some debate about whether that "trader" is indeed a trader or not. He could be: I haven't seen any news articles to give strong evidence that he isn't. On the other hand, he is quite woolly and vague when it matters. When asked what he would do to fix the economy, he brushes it off by saying that he's a trader and he's not concerned with fixing economies. True, but as a trader he would have some kind of opinion as to what the financial leaders *should* be doing. He would know the effect of issuing more bonds, he would know the effect of more QE rounds, etc etc. It's been suggested he could be part of a group called the Yes Men, a group who AFAIK conduct spoof interviews saying surprising things. Google it and Dow Chemical if you want to find out more. So, he could be a real trader, but he doesn't speak about it like he really knows what he's doing. On to the Euro: like j_jza80 I always thought it was a bad idea, mainly due to the member economies not being aligned anywhere near enough. For fiscal policy, one size does not fit all because each country has its own set of problems that aren't similar enough to those of other countries. By having a single currency, the European leaders were implying and hoping that one size does fit all. Edit. Make up your own mind: http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html Quote Link to comment Share on other sites More sharing options...
Abz Posted September 29, 2011 Share Posted September 29, 2011 Saw this when my friend posted it on his FB! Surprised BBC didn't cut him off! I like it, straight talking & to the point, none of this trying to make people happy talk. I worked at Deloitte for 5 years next to Goldman Sachs, they do indeed rule the world Quote Link to comment Share on other sites More sharing options...
supracars Posted September 29, 2011 Share Posted September 29, 2011 dream about reccsion going to bed.......he needs to change his woman Quote Link to comment Share on other sites More sharing options...
imi Posted September 29, 2011 Author Share Posted September 29, 2011 So, he could be a real trader, but he doesn't speak about it like he really knows what he's doing. And if the traders knew what they were doing perhaps we wouldnt be in this mess on a serious note - there might be some truth in what you say, a bit more sinister than this BBC interview from the past Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted September 29, 2011 Share Posted September 29, 2011 UK isn't all that great either but the sounds of it, having said that our politicians seem to have a grip on things - NOT. IMO austerity is definitely the way to go, and it was always going to be a hard path. Borrowing to pay of borrowings is risky, far too risky. The very recent Labour party conference was good for fits and giggles, Ed Milliband and Ed Balls seem to have forgotten that in a time of prosperity, Labour managed to get us into this huge mess. Unfortunately, many don't seem to realise that the standard of living we've had until recently was unsustainable. Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted September 29, 2011 Share Posted September 29, 2011 BTW, this is a good video about 'Boom and bust' theory/practice; d0nERTFo-Sk&feature=youtube_gdata_player Quote Link to comment Share on other sites More sharing options...
caseys Posted September 29, 2011 Share Posted September 29, 2011 Some really interesting stuff going on today. Quote Link to comment Share on other sites More sharing options...
Chris Wilson Posted September 29, 2011 Share Posted September 29, 2011 Some really interesting stuff going on today. Put those binoculars down and get on with your work Quote Link to comment Share on other sites More sharing options...
tooquicktostop Posted September 30, 2011 Share Posted September 30, 2011 Saw this when my friend posted it on his FB! Surprised BBC didn't cut him off! I like it, straight talking & to the point, none of this trying to make people happy talk. I worked at Deloitte for 5 years next to Goldman Sachs, they do indeed rule the world Anyone on here work for Goldman Quote Link to comment Share on other sites More sharing options...
Tyson Posted September 30, 2011 Share Posted September 30, 2011 Coca cola will rule the world they have been putting mind controlling substances in their drinks for years, soon they will initiate there invasion and then we're doooooooooooooooooooooooomed. Quote Link to comment Share on other sites More sharing options...
Havard Posted September 30, 2011 Share Posted September 30, 2011 That guy needs some Lemsip..!! Quote Link to comment Share on other sites More sharing options...
Abz Posted September 30, 2011 Share Posted September 30, 2011 Anyone on here work for Goldman Hold on, Dean didn't you work for them? Quote Link to comment Share on other sites More sharing options...
tooquicktostop Posted September 30, 2011 Share Posted September 30, 2011 Hold on, Dean didn't you work for them? Still do buddy,. back to world ruling ...................... Quote Link to comment Share on other sites More sharing options...
Abz Posted September 30, 2011 Share Posted September 30, 2011 Still do buddy,. back to world ruling ...................... Quote Link to comment Share on other sites More sharing options...
Max Headroom Posted September 30, 2011 Share Posted September 30, 2011 The only way the euro is going to work if there is fiscal AND political unity along with soverignty over the eurozone as a whole. If I remember Germany tried it about 60 years or so ago. The Euro as is was never destined to work Quote Link to comment Share on other sites More sharing options...
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