A trader speaks... very fankly indeed!

[nelly1]

Frankeh said:

Trader who's bet heavily on failing economy touts failing economy. Who woulda thunk it.

You can read about his motives here...

[DJRC]

Why is he a twunt? He has told people how to make money.

[turbobloke]

DJRC said:

Why is he a twunt? He has told people how to make money.

Not for that reason - though he has only mentioned an outline of a way in which it's possible to make (and lose) money.

It's more to do with the choice of expression at certain times in the interview, and the level of self-assuredness and implied certainty when discussing a situation that isn't certain, however likely it may seem to him and others.

Beyond that, somewhat like beauty, twuntness is in the eye and ear of the beholder. If you saw and heard nothing of it, fine.

[nelly1]

DJRC said:

Why is he a twunt? He has told people how to make money.

So, he prays for a recession because him and a few others may make an absolute killing, but all the associated pain / joblessness / hardship that may occur doesn't worry him at all?

It's just numbers on a screen to him.

These are peoples livelihoods he's playing with.

I'd say that makes him more than a twunt!

[rudecherub]

Shuvi Tupya said:

So, where should we put our savings, or better yet...how do we make our savings increas during a crash?

In laymans terms please

gold

land

[Dr Jekyll]

nelly1 said:

So, he prays for a recession because him and a few others may make an absolute killing, but all the associated pain / joblessness / hardship that may occur doesn't worry him at all?

It's just numbers on a screen to him.

These are peoples livelihoods he's playing with.

I'd say that makes him more than a twunt!

He doesn't actually cause the recession though does he?

[turbobloke]

Dr Jekyll said:

nelly1 said:

So, he prays for a recession because him and a few others may make an absolute killing, but all the associated pain / joblessness / hardship that may occur doesn't worry him at all?

It's just numbers on a screen to him.

These are peoples livelihoods he's playing with.

I'd say that makes him more than a twunt!

He doesn't actually cause the recession though does he?

No but wishing and praying for it doesn't need to be said, the fact of the matter that traders can make money in a rising or falling market is enough to get the message across. More than that and the expression used makes him twunty to some and forthright if a bit blunt to others. So, blunty twunty.

[russ_a]

Buy low and sell high. Short the market. Not rocket science but you can still lose.

[Tonsko]

Goldman Sachs can't and doesn't lose. Everyone should really read that Rolling Stone article. I knew it was bent, but this is fully 360 degree spirals.

[nelly1]

Dr Jekyll said:

He doesn't actually cause the recession though does he?

Not per se, but the shockwaves he's generated in one three minute interview at a time when the markets are extremely jittery could be said to be anywhere from insensitive to irresponsible.

turbobloke said:

So, blunty twunty.

[Baba Booey]

nelly1 said:

the shockwaves he's generated in one three minute interview at a time when the markets are extremely jittery could be said to be anywhere from insensitive to irresponsible.

Who is listening to this guy? If it is not a hoax he is a guy who trades at home and makes his money charging to train others sat at their laptops.

Surprised the BBC gave him any airtime

[nelly1]

Baba Booey said:

Who is listening to this guy?

So you're saying a trader can't influence the markets with (false) speculation?

[Baba Booey]

nelly1 said:

So you're saying a trader can't influence the markets with (false) speculation?

If he was the chief economist at Goldman Sachs you would have a point. This is a joke - hoax or no hoax. Would like to hear more about what makes him a trader worth listening to.

The fact he offers training instead of running a fund says all I need to know about him

[DJRC]

nelly1 said:

DJRC said:

Why is he a twunt? He has told people how to make money.

So, he prays for a recession because him and a few others may make an absolute killing, but all the associated pain / joblessness / hardship that may occur doesn't worry him at all?

It's just numbers on a screen to him.

These are peoples livelihoods he's playing with.

I'd say that makes him more than a twunt!

But then he also told you how to make money out of it. Whatsmore he told youhow bad it was quite probably going to be, then he gave you on advice on what to do, how to prepare for it and crucially that you should prepare for it!

Let me guess, you are going to absolutely ignore everything he said arent you? You arent going to look into anything he was talking about or investigate any of the ways he said you could look to make money in such a situation.

A livlihood is making money. How you make that money is irrelevent, so long as you make it.

[Tonsko]

At the risk of sounding like a broken record, the important message is that GS own the market; forget what influence he has.

[hornet]

Tonsko said:

At the risk of sounding like a broken record, the important message is that GS own the market; forget what influence he has.

So, without going all tinfoil hat, exactly how deep in this whole deal are the likes of Goldman Sachs, JP Morgan and co? I know there are all sorts of "shape shifting lizard people" stories about them, but for a simpleton such as myself, are they massively corrupt, in bed with the powers that be, too big to control or what? If they're that out of control they can bring down the global economy, why aren't we regulating them to death? I accept that's hopelessly naive, but you get the point. If they need stopping, how do we do it without the whole system imploding?

[nelly1]

DJRC said:

A livlihood is making money. How you make that money is irrelevent, so long as you make it.

Wow. Just wow!

[vonuber]

Tonsko said:

Matches up nicely with a Rolling Stone article from last April that I've only just read this morning:

http://www.rollingstone.com/politics/news/the-grea...

Christ on a bike; that's depressing.

[handbraketurn]

Scare mongering in the extreme.

"the stock market is toast" Reallly? What a f*cking tool.

All he said there that was relevant was the Euro is on the way out, which I suspect is right and thank the good lord we did not get involved.

So much bullsh*t comes out of his mouth.

I mean, for a start. Traders want safe assets, and then he says, like the dollar. THE DOLLAR? If you think Europe is in debt, check out America.

http://usdebt.kleptocracy.us/

The US dollar is as unviable as the Euro on the basis of debt.

Don't pay too much mind to this tosser, he'll get bum raped by his bosses in the morning.

[Chris Type R]

Not sure if this has been posted yet - http://www.telegraph.co.uk/finance/economics/87928...