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BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World"
In an interview on BBC News this morning that left the hosts gob-smacked (google it... it is the BBC after all), Alessio Rastani outlines in a mere three-and-a-half-minutes what we all know and most ignore. While the whole interview is worth watching, the money shot for us was "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!". While he dreams of recessions, sees Goldman ruling the world, and urges people to prepare, it is hard to disagree with much (or actually anything) of what he says and obviously interventions and machinations means we will have days like this (in Silver for instance), there is only one endgame here and we hope there is less hopeful euphoria (and more preparedness) as we pull back the curtain further and further.
While we do not know who this trader is, one thing we can be 100% certain of is that he will never appear on CNBC.
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Dont let my banter get to you..
I will be the first one to stand up for old people!
I will be the first to stand up for poor people!
I will be the first to stand up for the Constitution of the United States!
I will even stand up for the Sheepish Consumers even though they dont understand!
I will make sure the meek will inherit the Earth.
and anything less from me would be less tha God made me.
so.. my words.. that are desinged to put a fire under peoples asses are just that.. dont doubt me or right winning in the end.
Even if Treasuries were safer, you might as well just hold cash and not take the risk. 2% isn't worth the risk when Treasuries just surged 10% in face value in the past few weeks. That is my opinion anyway.
"Even if Treasuries were safer,.."
Catch a clue Quinvarius! When the banksters created ELX Futures --- tresury note and bond and Eurodollar speculation exchange --- they knew the plan and than some....
Ask any holder of Greek debt about how safe government bonds are...
The SWAP window the FED offers for Euros for Dollars.. not buying treasuries.. although they are moving or have been for the last week and a half(ish).
If anybody follows tech's, it appears that the weekly 200 day MA, has become resistance twice today. with a decending wedge pattern from 11:30 til now.
Taking bets which way. Three green indexes and a green vix over 40. Looks like the break is down.
I had the same thought. When the Euro collapses (which is looking more and more probable) how long until the USD follows suit? This particular investor must be looking at UST as a very short term trade to make a quick buck. Any longer than that would seem to be a financial death wish. When our banks fail and the derivative bubble pops for the last and final time I would not want to be holding USD.
Treasuries? Well contrary to popular believe, you can't eat gold, but you CAN eat treasuries! Just ask Karl Denninger!
It goes something like this;
Customer: "Baker, can I have one loaf of that bread?"
Baker: "Yes of course, that will be 3 x 10Y treasuries please"
Customer: "I'm sorry, I don't have exact change, can you accept 1 30Y bond?"
Baker: "But of course, there you go, here's your bread and here's 2 x 5Y treasuries change."
Clap..........Clap......Clap..Clap.Clap!!!!!!
Treasuries are the narcotic in an attempt to ease the pain until the end finally comes.
he just means theres money to be made flipping treasuries if you can get in 1st and sell to the panic. not that its safe, give a fuck about protection, its about making a buck for traders, didnt you listen?
The treasuries are like the WW 1 generals who couldn't think of anything else to do but fire off some artillery and then charge the enemy position; It's a perfect example of being ready to fight the last war.
Already did. In fact, I've been doing that for the last few years!
PS You did forget to add word: physical.
Btw. Nice Jedi Master trick. Hat tip to the city trader!
I've seen this guy in so many movies! He is the guy who starts off the friend of the hero and seems to be a really good guy. Later in the movie he makes some kind of deal with the villain and completely backstabs the hero. There is a scene in which his treachery becomes known to the hero (probably Bruce Willis) and an exchange where this guy presents with the same demeanor as he does above. "Don;t you see. We have no choice. You can do it too." Hero walks away. Later, this guy dies badly.
That said, I fucking love this guy. I clean his pool.
ha you made me laugh, so here's a book that will probably make you laugh in return.
Just piucked this up from Market Ticker... London Gold Exchange - closed or hacked? http://www.londongoldexchange.com/maintenance/
And if TPTB didn't need another reason to drive silver down further, 200 tonnes of it have been discovered in a shipwreck...good old BBC again :)
http://www.bbc.co.uk/news/uk-15061868
Wouldn't 200 tonnes of silver be the equivalent of "a single sperm in a full condoms worth" ....to the current world's reserves?
Everything is unfolding perfectly as planned and predicted.
The beast is in its death throws, at war with the people for its continued existence.
It is necessary to take down the entire current economic system in order to starve the beast of its life blood money and kill it completely.
Zero Hedge is no longer a cry in the wilderness, but now a prescient call to prepare yourselves.
true and very wise.
http://expose2.wordpress.com
Silver bitchez! Bitches bitchez!
What does he mean with 'get prepared'? He says 'people's savings will be gone'. So, like everyone here on Zerohedge he thinks this will be caused by hyperinflation, but then he says 'safe assets such as Treasury bonds, 30-year bonds and US Dollar'! Wtf?! Typical stock-guy who doesn't know zilch about bonds and rates. Dodgy fella as well, pretty sure Alessio is not even his real first name as Rastani is an Iranian surname.
' "What does he mean with 'get prepared'?'
He means to target the super-rich and their lackeys: they are fat and good to eat -- once barbacued -- and they have assets to be removed by one and all!
Rastani is an Iranian surname because he's Iranian; Iranian have all sorts of first names; plus anglized versions thereof; plus, plus; zero indication of "dodgy".
They said I couldn't win a fight, but I did.
They said I couldn't fight above my weight class, but I did.
They said, I would never get appointed Central Banker Minister of Fiat Printing but I did.
They said I would never bury the world in completely useless paper, but I did.
A Lifetime showcase unlike any other, the story of a man, so consumed by his own ego that he would stop at nothing to achieve total financial chaos, it is the story of Oscar de la Bernageith Goldmani Morgan Olli Merkel Papashchaubel Obama
"If you could fight anybody, who would you fight?"
"I'd fight Guttenberg."
This Monday, 9PM, Lifetime network. "Sometimes when we touch...."
At last we will reveal ourselves to the Jedi. At last we will have revenge.
You must realize that this system is a derivative of that of ancient egypt. The golden calf. The worship of the careful examination and manipulation of the labours and choices of mankind. It supposes a very dutiful but stupid population of whom a system may be imposed. A currency which makes exchanges meaningful is begun under a strict regime: GOLD--THE G-D ELEMENT. It also supposes that by trickery, long exposure to erosive media and corrosive social morays, that persons of flesh and blood shall be swindled in their conceptions of life. They shall slowly come to believe this which are NOT. They shall slowly come to deny the daily innumerable miracles of life and discount the tiny astonishments.
They will come to worship gold/silver/paper which represents the ability to create, sometimes forgetting that wealth is the combination of human conception with earth's materials, to make a life enhancing improvement upon this planet's surface. That life is a harvest of a past work, a sowing in present, for a greater gain of future. But only if properly managed, and with GREAT humility toward the Creator and the laws put in place.
There is a NETWORK. A silent conspiracy. A number of fellow inhabitant which seek to undo all which is SUPERB, and supernatural. They denigrate deity. They make superficial the SUPERB. They TRY to make all men conform to their conception of life and life's habits. THEY have created this system, this unnatural work, this putrification of the material abundance of mind and world. Theirs are the markets, the gateways, the pricing mechanisms, the TRICKERY.
Reject this artificial stone. Remind yourself of the TRUE builder's CORNER, HE who is devoted to your freedom, your felicity, your carefully guided experience throughout life. Who thinks paste to be an absolute gemstone. Who builds edifices of long endurance of crumbling philosophys of men. HOWEVER seductive--reject these false premises.
You wish a new world? Reject the staffs which cannot uphold. That which must make a prevarication to pretend TRUENESS. Turn back upon that which needs your confidence to uphold its falseness.
This is the brink of a great new humankind breakthrough if properly marshalled toward a greater good. If not, it leads to the millenial war, famine, plague, death which the stunted architects of this world always provide in infinite abundance.
Good MUST be rewarded while VICE must be punished. Otherwise All VIRTUE flees from this small island in a galaxy's sea. We inhabitants suffer until redemption or death takes us from our SLAVEMASTERS.
Strive for the Greatest good. REJECT EVIL, even its subtlest forms. Do SO and this planet is a paradise, DO NOT and it is a pustulence of iniquitous confinement.
I like your avatar! Why you have that? How many cans you got?
Where's William Black when we need him? Eh?
BTFD bitchez!
holy shit!
Beat me to it.. Ditto!
Wow! The truth is really something to hear when you are so used to lies.
Not exactly something youd see on CNBC
Exactly something you wouldn't/couldn't see on CNBC!
We're so damn screwed, it's not even funny.
its amazing its even on the bbc.
Isn't it!
I think its because the program is broadcast live. I've almost given up watching the BBC news because they're a joke. Mind you if you want a more biased news coverage than the BBC then watch the French news..
http://www.france24.com/en/
can someone post the link to the video please...thanks
http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded
thank you papa
Who's the hot chick?
Wolly Crash Bitchez
Too bad these folks on CNN, CNBS, MSNBS, Fox or any other pumper station don't realize a market crash would actually IMPROVE their ratings.
Thanks...that is all...
London gold exchange PERMANENTLY closed? WTF is this? Did the S just hit the fan?
http://www.londongoldexchange.com/maintenance/
Kitco site also down...WTF is up?
Possibly hacked?
I find it funny that KITCO is also down too!
I bet it was hacked by anonymous. They recently released their latest exploit..Look up #REFREF
Could very well be.
both kitco and kitcosilver are working no probs.
maybe it's your peecee that got haxored.
i'd stay away from paper PMs and MS products
"...permanently closed" and Thanks to all our members? Sounds like more than a hack attack. Would hackers joy riding the web remember to thank the members?
Keep trying Kitco comes up
Yes Kitco does come up now, although gold chart 'service unavailable'. Could be some hacking going on.
Not hacking... traffic. There's probably 10K simultaneous requests for that single graphic, combine that with the fact that it's included on thousands of web pages and you get yourself up to millions of requests/second. That's not exactly easy to handle even with Nginx or some sort of "cloud" solution.
There's a shit load of people trying to stack right now.
Now this is weird, Mr Dog.
Kitco up.
It is back up now, although Kitco gold chart 'service unavailable'. Weird goings on.
My experience with Kitco, going back some years, is that they are always hinky when the market's volatile. Whether due to heavy traffic or what, I don't know.
This is NOT the LBMA
Don't confuse this site with the LBMA. The former is just a two bit operation...
Guess they had more paper than physical and got caught long.
two bit COIN operation!
ba da tss
http://www.londongoldexchange.com
"Due to operational difficulties the London Gold Exchange is permanently closed for business.
Thanks to all of our members.
London Gold Exchange
International Digital Currency Trader
26/09/2011 "
Company: LGE International Ltd 3705 Bank of America Tower
Address: 3705 Bank of America Tower Suite 534 12 Harcourt Road Central, HK Hong Kong HK
Phone: 852 2115 9878
Fax: 852 2115 9818
HORY SHIT!!
Thanx for posting this...showed it to the wife to prove I'm not the only crazy out there.
did she smack you or kiss you? Mine hates bad news.
Dude, I thought the same thing.
No slaps OR kisses.. but I think she's waking up. She's heard me rant for about 5 years about debt (in the USA mainly) and about the banking system being fucked. We've doubled our NW in 4 years and I think she used to view it as gambling, but now she's getting the bigger picture.
This is one of the best interviews that I have ever seen. You've got to love this guy. If he was on CNBC, he would have had sudden "mic" or "satallite" problems.
i never heard so much TRUTH in 5 minutes of TV before in my life.
He's a brave soul. Not always a good thing to tell the truth that goes againt GS's grain, as many have been suicided for less.
The candor was shocking..... shockingly refreshing.
We need more people telling the truth.... Until the truth is out there, the real problems can never be addressed.
Everything else is just a circus sideshow.
I can't wait for the collapse!
GOING VIRAL BITCHEZ!
It is. I just went to post this on facebook (with a sub-20 friend count, I might add) and it was already posted by a reporter I know.
"THEY" just want QE3!!
That is all they want!!!
Someone's short and plugging his book.
Also, he just about painted the mother of all bullseyes on his own back.
You aern't kidding.. bets on suicide?
Hot tub accident.
The truth is a river,it will not go away, when the big rain comes, the river will flow above it's banks and breach the levies.
Watch out for more truth on the MSM, this man spoke truth from his heart and more will follow him, truth is hip now.
http://www.youtube.com/watch?v=xbJQT2eDseA
I see a storm coming, down the highway.
Disgraceful , this trader talks about making money in a depression but does not touch at all on the fact that corrupt and morally bankrupt entites need to go bankrupt for true recovery to occur. He is just one of these "traders" buying netflix or whatever. This kind of attitude gives financial professionals and investors a bad name.
hear, hear! And he says: "...I want to help people..."!
I'm pretty sure Jamie Dimon, Lloyd Blankfein and Central Bankers are what give financial professionals a bad name. That's just me though and it could be the cold logic speaking.
It was clear to me when I saw it earlier this morning it was that single admission which struck the interviewer speechless.
Interesting that so few perceived what was so obvious to folks outside the finance community.
http://www.zerohedge.com/contributed/new-study-%E2%80%93-traders-are-wor...
He outted himself as a cock roach by admission and in doing so told the world that Goldman Sachs rules it.
You need to look at it like this:
"Scumbag finally understand he's a scumbag and further realizes that he can't change. Scumbag realizes that other people have families too and a hint of conscience appears. Scumbag decides to tell the truth knowing full-well that he won't change his tune but he can at least capitalize on telling the truth".
"Unfortunately, scumbag exists within a scumbagogenic system which is guaranteed to produce many thousands more of scumbags just like him every week."
Bullshit. The guys knows the deal and has plans to profit from it. He's no different than any of us who are planning to short this bitch all the way down. He tells it like it is, and anyone who isn't viewing the world through bullshit colored glasses understands that. He told people to prepare for it, lest they be wiped out. What's the problem?
Exactly! Zola, above, trades in Morality over Reality.
Tax that MOFO he just made a dime?
What a mental Spunkfest.
The problem is with assholes who are making money off the suffering of others -- like those "shorting this bitch all the way down", or otherwise attempting to make windfall paper profits from a collapsing system. Sick motherfuckers.
No, that's not the problem at all. We're just playing the game. We didn't create the game. We can't change the game. We can learn its rules and roll the dice.
The problem is with the people who created the game and have paid off the referees and who change the rules to suit their needs. They are the problem. Some of us choose to play anyway, and try to outsmart the big guys, and sometimes it works.
The problem goes far deeper and wider than those of us who make money off the collapsing system. We can start with the Fed and the banking cartel, move along to the corrupt politicians and and sleasy lobbyists, bounce on over to the military-industrial complex, and complete the circle with the intelligence community's collusion with the global drug trade.
Then, come on back and stomp your feet at the traders who are trying to make some money on the collapsing system.
TBills? ummm no thanks, wonder how that interview got past the BBC's 1984 filters opps
holy moses, a trader that thinks its all over.
stop the presses
im more concerned with morons buying junk food with foodstamps than what he had to say
Well, as he says, hedge for it. Or if you think theres no chance the markets will implode, then buy equities hand over fist!
Goldman ruling the world? What about all the other power brokers? Many who have more influence than GS could ever hope to attain.
Goldman helped Italy and Greece hide their debt with funky accounting tricks/investments which made the debt appear to be an investment so that they could join the EU and not have their balance sheet look bad. That is some influence, I'd say. If you look over government, the Fed, etc. there are a TON of Goldmanites occupying positions of power.
+10000000
Robert Kiyosaki has been saying the Sach rules all for awhile now:
http://worldwideponzicollapse.blogspot.com/2011/09/robert-kiyosaki-why-b...
I try and always fade dudes who look that douchy...
He's a dead ringer for a 25ish Al Pacino.. tie included.
so what is the strategy for winning in a downward market ?
how can small investor protect their cash savings?
gold and silver are your best insurance. and some cash to buy more PMs (or stocks when they really crash).
I concur with this gentleman - we don't give a fuck about your banana republic economies, no, we don't give a fuck about the impotent leaders and the limitations of democracy in your shit-hole countries, which, undoubtedly will lead to death of millions, once again.
This is John Galt Speaking - http://www.youtube.com/watch?v=00xStn_jXKo
Thanks
And nice pink tie, thay is so 2005
Everyone now back to pink ties, what is up with that? Theyre awful.
http://en.wikipedia.org/wiki/Pinko
http://en.wikipedia.org/wiki/Political_colour
The color of his tie is also displayed in the upper left/upper center part of your avatar. I think of it as a lavendar more than a pink per se. Or you have a pink avatar.
holy moly
psychopath bitchez
By the way, THEY WIL PRINT
This dude is like Jim Carrey in "Liar Liar". Somebody must have hexed him to tell the truth.
Uhhh, that just gave me a bad taste in my mouth. He might as well have a tatoo on his head that reads, "Fade me"
But what he actually said? "You can make money from this, hedging,
buying bonds" ??? WTF? How you can make money in bonds? and Hedging, -
actually neutral strategy.
Is this guy even understand what he's talking about?
He's talking wealth preservation in part.
'Buy bonds that pay 0%'...not me!
He was hedging when he said "hedging," his euphemism for shorting (which is evil, obviously). What he wants is a recession so he can get massively short. He just realized if he said that he would look like an enormous douche so he said "hedging."
the truth will set u free.....after of course it imprisons u.....run while u can bitchez
Oops...must remember to read all comments
He looks nervous and he should be. Out of a job in 3-2-1...
I think he needs to worry about more than just losing his job ...
Goldman will surely be gunning for him.
At least he told the truth.
I found it kind of funny that when they showed the protest in Greece their were Banners chastizing Goldman.
Why would Greece think Goldman has anything to do with the people's problems.
I guess one could say that the people of Greece are smarter than Americans. Hmmmmm
TD just posted an article about the IMF and the EFSF squabble. In it is mentioned a guy called Borges, head of IMF Europe desk.
Borges, like the next Italian head of ECB, is an ex-VP of Goldman Sux! That's why its called the squid; they are everywhere! And this trader is right on the button. Borges...ex-head of business school Insead, now a top knob in IMF, via GS. What a small world!
Could be, or maybe you just a get a bit more real when your feet are that much closer to the fire
Gunning for him? GS probably paid him a couple of hundred k to say that line which was written for the interview that they set up.
I wonder how much fresh money will flow into GS on Tuesday?
He's a trader and is out front that's the lens through which he looks at the situation. I would rather hear from people like him more often, than the hands-across-the-water types who try to conjur a workable system out of a rivets-popping, slow-mo train wreck.
After reading Bruce's latest post, I have to laugh at this guy "dreaming" of another recession. From Bruce:
I think a better analogy would be hoping that when the tornado hits your neighborhood, the tree falls on your neighbor's car, not yours...
Social status is relative, not absolute.
HTH.
People hate the truth. Everything our Fed has and is doing is just going to make the crash worse and he is correct millions are going to loose everything.
The best thing right now is to let Greece default and move one. Pouring more taxpayers money into the bottomless pit solves nothing. Greece has defaulted 12 times. Looks like a pattern to me. Every soverign in Europe is trying to protect itself, even though they spout about saving Greece, and the other bankrupt countries. The Eastern markets are no longer buying it . The Western markets are sopping it up and screwing you, me, and everyone else with their bull crap.
Sometime later today the mainstream media will do their best to discredit this fella. Hell he may even come back and tell everyone he was taken out of context and be unemployed now. I took it in the rear back in 2008 and now I see alot clearer and historically speaking this is alot worse then the depression and when it explodes alot of people around the world are basically screwed as they took the green pill. The sheeple of the world continue to believe all the hype and the political rhetoric that the government is out to help them. Not going to happen.
I never thought I would type this to be honest.
Except this particular D-Bag in the video is self-employeed.
Dead by dawn?
http://www.youtube.com/watch?v=w6mEiJRiXqc
He has the look of a guy that will BLOW UP his account long before the end of the world
he is the type of guy out of that study Bruce K has posted on. Spot on. I think BK invented this guy just to make his point clear. Lol!
Put buyers are moving in on high beta/bubble stocks now. They are not waiting for Greece....because waiting for Greece is waiting for default. Who is anyone kidding with any of this "Greece is fixed" crap? Seriously, who believes that? I'd really like to know who you are.
Yeep. Watch tech darling AAPL and put action.
Few Questions:
Why this "honesty" and why now?
Who is behind this? (we can asume this guy is NOT ALONE!)
Why mention GS in such a "dramatic" manner? (as the "only" bank ruling the world, eh?!)
is he just talking his book?
Is he trying to "set up" somebody, maybe all of U(s)?!
A very unusual "interview" form an individual no one actualy knows, me think, he has got to be some sort of sick propaganda tool to someone with a greater interest then just "make money of depressions"!!!
Markets soar on no volume and yes..another roiund of expectations that the European Bailout Fund will be E2T+ ?!?!
Hehehehe ...Sure!
Hate to repeat-but still:
Faber is right, for gold, the price will go up now, as it rebounds quite sharply, though not higher than 1800 in November, for a few months till March 2012, or so when it will fall again back to 1600. For silver, on other hand, the corridor till Q2 2012 is pretty flat- 25-32 USD- but then it may start moving to reach 80-100USD. At least that is what the charts say.
Gold will however take long time to reach above 2000 USD.
And recession in the USA starts latest q1 2012 and will last over almost all 2013 as well.
Silver went to 26 on Monday, amazing! Exactly where it was predicted to land in this time in this March prediction chart(25-32USD corridor in H2 2011).:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&start=40#p31020
and gold went to 1550! fantastic: Again, exactly where it was expected to be in this April prediction ( which predicted also the bubble-well I expected it to be there in November) - down to 1500-1600 in November 2011.And I expected bubble and crash in October- it happened in September..
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&start=220#p32176
I'm going to enjoy saving this post and showing it to you in a couple of months.
Is Diogenes aorund?
He's right on one thing, all those people that put their money into treasuries will lose significant part of their savings once the treasury bubble pops and the USD devalues.
Well that would of never been aired on FOX News (suprised the BBC ran it as well).
That sounded far to much like the truth.
I saw the vid when it was linked in another thread here. Hilarious! And yes, it points out the difference between a trader and a "macro investor" quite well. A trader doesn't care what makes the waves, or much about why -- just knows how to surf them, the rest is a distraction that ruins trading insight, actually. It's very hard to be both at the same time -- pick one and do well at it.
I find it amazing that everyone here doesn't seem to understand this important distinction -- it causes a lot of talking past one another (and not only here).
It's quite possible for a trader to realize gold is correcting, while a macro/long term guy sees it as a long term value, both can be correct, but to think of that as a disagreement - each thinking the other wrong, name calling, ad hominem attacks and so forth. From where I sit, that's just dumb. It's almost like the comments ought to have a "timeframe" indicator one is required to input to so as to get rid of that noise.
interesting investment article:
"
The United States: America’s economy is looking increasingly like an economy only capable of generating meager GDP growth rates -- in the realm of 1% a year rather than the greater than 3% we need to get over 20 million Americans back to work.
Consider that from 1947 to 2000, America’s GDP grew at a rate of 3.5% a year. From 2001 to now, however, we are averaging less than half that!!!!!!!! Yet most politicians and economists are in denial about this. They think what is happening is a short run cyclical phenomenon and keeps recommending stimulus – government spending if you are a Dem and tax cuts if you are a Rep. It’s all so much garbage.
In fact, America’s central problem is the offshoring of the U.S. manufacturing base which simultaneously depresses domestic investment and boosts the trade deficit. These two drags on our GDP growth equation account for most of the slow growth we are experiencing.
On the face of it, it is remarkable that our President and Congress and members of the financial press don’t want to acknowledge this drag. However, the reality is that the big multinational corporations like Apple, GE, GM, Caterpillar, Intel, and so on that benefit the most from offshoring are the same corporations that finance our political elections. These multinationals also either own our financial media or advertise heavily in the papers and on the networks. So both the electronic and paper media are reluctant to bite the hands that feed them.
My view is that is borders on criminal for our politicians and pundits not to acknowledge the importance of trade reform in restoring American prosperity. By that standard, most of Washington and much of the media should be locked up."
entire article at:
http://www.marketoracle.co.uk/Article30636.html
"The United States: America’s economy is looking increasingly like an economy only capable of generating meager GDP growth rates -- in the realm of 1% a year rather than the greater than 3% we need to get over 20 million Americans back to work."
The only reason there is any 'growth' in U.S. GDP is because of profligate government debt spending on the order of $1.5+trillion (our future taxes etc). Remove that and you have a GDP contracting at about 9%.
Hey, no bother to me. I've been saving 22k every year for the past 10 years. Was going to put it in my pension but my partner advised me to plough it all into property, as house prices can only ever go up! Job done hey!
The Bear,
but my partner advised me to plough it all into property, as house prices can only ever go up! Job done hey!
You need to do one or two things, #1, DO NOT listen to your partner(he's insane), #2, Find a new parrtner.
Or both #1 & #2.
little bears
don't last long ...
in the land
of apex preditors .....
This guy is obviously talking his book ..
nawaral---your statement is ridiculous. why is it that everybody who believes something and acts on it is "talking his book" and if he didnt have his recommendations in his portfolio, then he is, what, hypocritical? you cant have it both ways.
The guy said that he was "dreaming" of recession over the last 3 years, thus obviously he has been short the market for a long time, however what is worrisome in his statement is the word: "dreaming" trading the market is not about dreaming what you want, it is about analysing facts and coming with a hypothesis, hoping and dreaming for events to fit your wishes is neither an investment or a trading strategy, this is why when he was asked what would solve the current debacle, he had no answer, because his only dream seems to be for markets to crash, and he seems to be unprepared for the alternative (and trust me the FED is not done giving more heroin to the addict), the crash may come at some point down the line, but not because this guy dreams it.