Monday, September 26, 2011

Crisis and opportunity

Watch this viral video of trader Alessio Rastani delivering blunt information about the state of the markets:

12 comments:

The Red Capitalist said...

Excellent interview.

Finally, a rational person who dispenses with the sanctimonious BS and calls it like it is.

MortgageAngel said...

Since first tuning into Mike's bizradio show in 2008 (omg,Matt-It's been 3 years already!) I've been continually amazed how easy it is to know what to expect just by paying a little bit of attention. MMT explains EVERYTHING!

Stupid* is as stupid* does.
*evil

IN GOD WE TRUST!

WillORNG said...

As he said Government debt is way safer than shares, that's where the smart rich money is going...

...but there are ways of preventing a nominal debt (aggregate)money (demand) starved deflationary depressive slump collapse...

...hopefully people will catch the MMT Job Guarantee bug wake up and take direct democratic action to demand and achieve sociopolitical economic policy made for the people's public purpose rather than the global plutocratic elite's!

Matt Franko said...

Where's the pepper spray?

The Red Capitalist said...

Pepper spray is reserved for protesters and other disenfranchised society members, not traders from large financial institutions.

Mike Norman said...

"I'm a trader, I go to sleep every night dreaming of a recession so I can make money on it."

Somebody euthanize this guy, please. And his ilk.

Stephan said...

Me thinks this is a hoax by the The Yes Men. Remember them imposing as Dow Chemicals Speaker and acknowledging the Bhopal Disaster promising full compensation for all victims. Also a BBC interview. And BTW: this "trader" (?) isn't working for a large financial institution. He's "trading" (?) on his own account.

Anonymous said...

Happy to see that as of today his balls are in a vise as the market melts up.

Matt Franko said...

Right,

It looks like his is becoming the consensus view... not quite to the levels of the bond bears at the start of QE2 but could get there...

Shaun Hingston said...

@Stephen

I agree with you. Perhaps we are coming towards the end of the crisis.

MortgageAngel said...

Pepper spray is reserved for protesters and other disenfranchised society members, not traders from large financial institutions

Good one, RED!

MortgageAngel said...

Stephan: What? Hoax as in they staged the interview?

Mike: Euthanize a straight talker just because he's being a little facetious? IMO the real threat is the one who is disingenuous since humans are both expectant and unsuspecting.