Jump to content
The mkiv Supra Owners Club

An Honest Trader


imi

Recommended Posts

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.

Link to comment
Share on other sites

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

Link to comment
Share on other sites

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 ;)

Link to comment
Share on other sites

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

 

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. You might also be interested in our Guidelines, Privacy Policy and Terms of Use.