Trader on BBC "Goldman Sachs" Runs the world

LateX'Dog · 27 Sep 2011 at 14:34

I am not in the least bit surprised by what he is saying, but what i am surprised about is that the BBC is allowing him to say this.

Normally the reporters have the knack of interrupting people before they say "too much", but this guy was allowed to speak his mind.

Nice.

Vonhelmet · 27 Sep 2011 at 14:38

Aren't you one of the CT nuts?

LateX'Dog · 27 Sep 2011 at 14:40

Vonhelmet said:
Aren't you one of the CT nuts?

No, just stand on the edge of the fine line.

buchtis · 27 Sep 2011 at 14:41

Love how brutal he, truth hurts.

Waiting for him to get the sack now tbh.

Cosimo · 27 Sep 2011 at 14:42

LateX'Dog said:
No, just stand on the edge of the fine line.

There isn't a fine line. You're either a CT nut or not.

Cosimo · 27 Sep 2011 at 14:43

buchtis said:
Love how brutal he, truth hurts.

Waiting for him to get the sack now tbh.

Or make some more money from his scare performance.

toshj · 27 Sep 2011 at 14:43

The guy is full of rubbish, and purposefully trying to be provocative and brash - trying to indulge in what he sees as typical trader arrogance - but he's someway wide of the mark.

You'd have to look at how much experience he has in the market, which seems fairly limited. His LinkedIn profile states that he's never worked for a bank, and he's not FSA registered - meaning that he's never been an investment professional within the UK.

It's a bit like me getting up in front of a TV camera and arrogantly waxing lyrical about the housing market/state of politics/global warming despite having no actual experience in those fields at all.

LateX'Dog · 27 Sep 2011 at 14:44

simulatorman said:
There isn't a fine line. You're either a CT nut or not.

Of course there is a fine line.

You can dip your toe into the pool to test the water, you don't have to jump in.

sigma · 27 Sep 2011 at 14:48

LateX'Dog said:
Of course there is a fine line.

You can dip your toe into the pool to test the water, you don't have to jump in.

lol

So one trader says something and it's suddenly unveiling a big conspiracy.

Of course big corporations 'run' the world, a lot of them have a lot of money which is used to invest in stuff that makes the financial world run.

Of course there is money to be made in a downturn, that's pretty obvious but it all comes down to risk.

Rroff · 27 Sep 2011 at 14:49

Its one thing that always amazes me at work, people act like the economy is some ominous scary monster we have no control over when its a totally man made phenomenon, we created it, we can control it...

rexehuk · 27 Sep 2011 at 14:50

He is right though... fully. I think people are just too naive and running around pulling their hair out.

Recessions make millionaires. He was saying that you might as well join in and make some cash during the downturn, because it's not going to be fixed anytime soon.

For those that want to take the opportunity, there is a fantastic ability to make some fast money. I think that is all he was trying to put across.

I've been wanting another recession due to the pure fact that I can pile in money again when it bottoms out. Wait a few years while others sort the problems out and exit once it goes back up.

Yes, you could be ethical and say "that's not right", but you get no where in life without money, I personally don't want to be left behind when opportunities present themselves.

sigma · 27 Sep 2011 at 14:50

Rroff said:
Its one thing that always amazes me at work, people act like the economy is some ominous scary monster we have no control over when its a totally man made phenomenon, we created it, we can control it...

It's all about those greedy faceless financial peoples! They're controlling our thoughts.

RageQuit© · 27 Sep 2011 at 14:53

Rroff said:
Its one thing that always amazes me at work, people act like the economy is some ominous scary monster we have no control over when its a totally man made phenomenon, we created it, we can control it...

Been watching South Park?

http://en.wikipedia.org/wiki/Margaritaville_(South_Park)

Stretch · 27 Sep 2011 at 14:56

Haha, will see who runs the world when everyone has lost their savings, livelihood and Goldman Sachs and other investment banks are sitting pretty.

Money only talks whilst you still have a head

Showboat · 27 Sep 2011 at 14:58

"Investing in treasury bonds"... way to make money, sure fire way to get super rich.....

Stretch · 27 Sep 2011 at 14:59

Showboat said:
"Investing in treasury bonds"... way to make money, sure fire way to get super rich.....

I was surprised at that too.

platypus · 27 Sep 2011 at 15:07

Time to invest in cocaine I reckon. I'm sure some Mexicans would welcome my investment..

iamTakeo · 27 Sep 2011 at 15:26

If anything he was trying to deliberately hurt market confidence to initiate his plan.

Rroff · 27 Sep 2011 at 15:36

RageQuit© said:
Been watching South Park? http://en.wikipedia.org/wiki/Margaritaville_(South_Park)

Nope I don't like South Park.

Tyrone77 · 27 Sep 2011 at 15:51

I haven't watched the video, I'm at work.

Doesn't anyone find it ironic that in the background of the YouTube preview image, the FTSE is up?

Yes money absolutely shed loads of it can be made off a down-turn. The problem is that once everyone is talking about it, you can bet your bottom dollar that the downturn is already finishing.

I've said it once and I'll say it again. The moment everyone on this forum talks about what they should do on the stock market, I tend to do the opposite. So thanks everyone, I'll be going long tomorrow (dont quote me on this tomorrow please)