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  • #781,321
  • Apr 2, 2013 6:31pm Apr 2, 2013 6:31pm
Quoting Patience
Shame he couldn't trade to save himself though. On investigation, it was found that the balance sheet for his trading company was in loss and he dossed at his girlfriend's house.
Mhhhh, you're correct...he's not one of the Yes Men. Still can't find any fault in what he says...he's pretty spot on for a lot of the things he says.
  • #781,322
  • Apr 2, 2013 6:45pm Apr 2, 2013 6:45pm
Quoting Patience
Shame he couldn't trade to save himself though. On investigation, it was found that the balance sheet for his trading company was in loss and he dossed at his girlfriend's house.
Who that guy in the vid? I never seen him prior to the video; however, he right in a sense. It was nice to seen honesty in how traders actually work oppose to commercial analysts always painting a rosey picture regardless of whether the garden looks like shite or not.
When the facts change I change my mind, what do you do sir
  • #781,323
  • Apr 2, 2013 6:51pm Apr 2, 2013 6:51pm
Quoting Pip Anon
Yep, just ask the Cypriots
and at the time of the video that was meant to shock people, now it seems to becoming a norm, got to worry about where we are heading
Money never sleeps...
  • #781,324
  • Apr 2, 2013 6:59pm Apr 2, 2013 6:59pm
Quoting inpatient
and at the time of the video that was meant to shock people, now it seems to becoming a norm, got to worry about where we are heading
Yes. What I think was shocking is because he tried to explain how he, a trader, thinks. The general public and those who are not in the markets are lead to believe if the economic condition is not good than it can't be good for them.

My very first jump into the markets were trading USO options to hedge my gas cost. What hurts the general public the most is their financial ignorance.

I googled the trader in the video, and a lot of searches questioned whether he was a hoaxer. Why because I dreams of a recession? It is well established that the way done is much more swift than the way you. That's like saying Paulson is a hoaxer because he bet against the housing market.
When the facts change I change my mind, what do you do sir
  • #781,325
  • Apr 2, 2013 7:09pm Apr 2, 2013 7:09pm
Quoting Pip Anon
What hurts the general public the most is their financial ignorance.

for sure, as an example when I try to talk to my wife about things she brushes me off by saying 'I don't care about politics and stuff like that' and gets back to her soaps and Housewives of wherever.

I remember when I was younger and there was a big debate about the Labour party dropping clause 4 of the amendment act (public ownership of major industries). The average guy on the street had zero idea and still doesn't know what anything really means but they voted Labour in my town because 'that's what my dad votes'.

Now I don't want to sound borderline faschist but why do we let people with no knowledge about anything have a vote? They don't even know what theyre voting for. Or is that the idea, then the rich can sway them easier through the media. Flouride in the water and all that....
Money never sleeps...
  • #781,326
  • Apr 2, 2013 7:12pm Apr 2, 2013 7:12pm
What have I missed?
Not all sins are created equal
  • #781,327
  • Apr 2, 2013 7:12pm Apr 2, 2013 7:12pm
Quoting inpatient
for sure, as an example when I try to talk to my wife about things she brushes me off by saying 'I don't care about politics and stuff like that' and gets back to her soaps and Housewives of wherever. I remember when I was younger and there was a big debate about the Labour party dropping clause 4 of the amendment act (public ownership of major industries). The average guy on the street had zero idea and still doesn't know what anything really means but they voted Labour in my town because 'that's what my dad votes'. Now I don't want to sound borderline...
There is no real difference between Democracy and communism, its just in a democracy you let the people at least think they have a say in what happens.

I voted for Goldman Sachs at the last election too.
Money never sleeps...
  • #781,328
  • Apr 2, 2013 7:15pm Apr 2, 2013 7:15pm
Quoting inpatient
There is no real difference between Democracy and communism, its just in a democracy you let the people at least think they have a say in what happens. I voted for Goldman Sachs at the last election too.
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Not all sins are created equal
  • #781,329
  • Apr 2, 2013 7:21pm Apr 2, 2013 7:21pm
You always have to differentiate between employees at the company and the top dogs...not everyone at Goldman's a psychopath, even if their current CEO is. Same goes for people and countries...just because you meet an idiot from Russia doesn't mean all Russians are idiots, despite what Russia does as a country.

Having said that, it's crazy how they manipulate the economy and politics nowadays...
  • #781,330
  • Apr 2, 2013 7:22pm Apr 2, 2013 7:22pm
Quoting inpatient
for sure, as an example when I try to talk to my wife about things she brushes me off by saying 'I don't care about politics and stuff like that' and gets back to her soaps and Housewives of wherever. I remember when I was younger and there was a big debate about the Labour party dropping clause 4 of the amendment act (public ownership of major industries). The average guy on the street had zero idea and still doesn't know what anything really means but they voted Labour in my town because 'that's what my dad votes'. Now I don't want to sound borderline...
I know what you mean. I hate getting into politics, but the same this goes here with Obama. People complain on the track the country is going, but will go a head and vote the very same politicians in all while not knowing what they stand for.

I tried to explain to my friends and family who think I am nuts trading, all the while they complain about they're mundane, low-paying jobs. It's not for everyone I guess, but any one has the ability to trade or invest if they truly want to at least for supplemental income.

The financial IQ of the average American is low, but studies show that is a global trend. I wonder if the global economy would be as gloomy if everyone did their part in educating themselves. Like when Greg Smith came out complaining about Goldman selling pension funds derivatives so complex that a Ph.D. in physics was needed to understand them. The first thing I learned is not to invest or trade something you know nothing about.

When does personal responsibility ever enter the equation?
When the facts change I change my mind, what do you do sir
  • #781,331
  • Apr 2, 2013 7:26pm Apr 2, 2013 7:26pm
Quoting 4exNinja
You always have to differentiate between employees at the company and the top dogs...not everyone at Goldman's a psychopath, even if their current CEO is. Same goes for people and countries...just because you meet an idiot from Russia doesn't mean all Russians are idiots, despite what Russia does as a country. Having said that, it's crazy how they manipulate the economy and politics nowadays...
That's right. They should give me a job!
Not all sins are created equal
  • #781,332
  • Apr 2, 2013 7:26pm Apr 2, 2013 7:26pm
Quoting Jay Walker
What have I missed?
cars, guns, and wrist watches
  • #781,333
  • Apr 2, 2013 7:27pm Apr 2, 2013 7:27pm
morning...
  • #781,334
  • Apr 2, 2013 7:32pm Apr 2, 2013 7:32pm
HEY, HEY , HEY
Quoting 4exNinja
You always have to differentiate between employees at the company and the top dogs...not everyone at Goldman's a psychopath, even if their current CEO is. Same goes for people and countries...just because you meet an idiot from Russia doesn't mean all Russians are idiots, despite what Russia does as a country. Having said that, it's crazy how they manipulate the economy and politics nowadays...
  • #781,335
  • Apr 2, 2013 7:34pm Apr 2, 2013 7:34pm
Quoting ec_creep
cars, guns, and wrist watches
I own none of those.
Not all sins are created equal
  • #781,336
  • Apr 2, 2013 7:37pm Apr 2, 2013 7:37pm
Quoting 4exNinja
You always have to differentiate between employees at the company and the top dogs...not everyone at Goldman's a psychopath, even if their current CEO is. Same goes for people and countries...just because you meet an idiot from Russia doesn't mean all Russians are idiots, despite what Russia does as a country. Having said that, it's crazy how they manipulate the economy and politics nowadays...
Same , like Bernanke in usa
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  • #781,337
  • Apr 2, 2013 7:41pm Apr 2, 2013 7:41pm
Remember kids; before you go long and jaywalk, check both sides of the street.

Europe's leaders paralysed as EMU jobless rate hits record high

http://www.telegraph.co.uk/finance/f...cord-high.html
Not all sins are created equal
  • #781,338
  • Apr 2, 2013 7:42pm Apr 2, 2013 7:42pm
Quoting Jay Walker
I own none of those.
I'm short politicians and central bankers; long on can food and my AR15s for the next 10 years
When the facts change I change my mind, what do you do sir
  • #781,339
  • Apr 2, 2013 7:43pm Apr 2, 2013 7:43pm
Quoting Jay Walker
Remember kids; before you go long and jaywalk, check both sides of the street. Europe's leaders paralysed as EMU jobless rate hits record high http://www.telegraph.co.uk/finance/f...cord-high.html
The data all around was quite ugly. I was flabbergasted that a country as large as Spain only managed to employ 4,900 people.
When the facts change I change my mind, what do you do sir
  • #781,340
  • Apr 2, 2013 7:44pm Apr 2, 2013 7:44pm
Quoting Jay Walker
I own none of those.
lemme guess... third wife's?
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