"I go to bed every night and I dream of another recession."

  • Posted by a hidden member.
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    Sep 27, 2011 12:48 AM GMT
    Enough said. At least the guy is honest, in a psycho fashion.
    http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.htmlGoldman Sachs rules the world and the Euro zone is poised to crash, according to trader Alessio Rastani.

    "This is not a time right now for wishful thinking that governments are going to sort things out," Rastani said on an interview with BBC on Monday morning. "The governments don't rule the world, Goldman Sachs rules the world."

    The statement came towards the end of an almost three and a half minute interview in which Rastani warned viewers to "get prepared" for the inevitable: "The savings of millions of people are going to vanish" in less than a year, he said.

    "This economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow and it's going to be too late," he continued.'
    ...
    But the crash will be good news for traders, Rastani told the stunned BBC anchors.

    "For most traders we don't really care about having a fixed economy, having a fixed situation, our job is to make money from it," he said. "Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession."

    Rastani said traders aren't the only ones who can benefit from the crisis.

    "When the market crashes... if you know what to do, if you have the right plan set up, you can make a lot of money from this."
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    Sep 27, 2011 12:53 AM GMT
    http://www.leadingtrader.com/

    I'm sure this site just got a million hits to see who would be pathological enough to say out loud what must be uttered in backroom meetings.
  • creature

    Posts: 5197

    Sep 27, 2011 1:04 AM GMT
    I love the reaction of the BBC reporter. She was trying to find some humanity in the guy and came up short.
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    Sep 27, 2011 11:06 AM GMT
    Link fix: http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.html
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    Sep 27, 2011 11:11 AM GMT
    Thanks. (I don't know why RJ doesn't automatically link https)
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    Sep 27, 2011 11:25 AM GMT
    Cuz you left off the last 'l' of the URL. Nothing to do with RJ's way of handling https.
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    Sep 27, 2011 11:27 AM GMT
    pre_mortem saidCuz you left off the last 'l' of the URL. Nothing to do with RJ's way of handling https.


    Yeah, I corrected it. What I meant was, some sites just let you post http links and you don't have to highlight it to put the url tags on. I must have highlighted the link except for the l.
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    Sep 27, 2011 12:15 PM GMT
    If by honest you mean delusional...

    Applies -
    http://www.scientificamerican.com/article.cfm?id=why-people-believe-in-conspiracies
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    Sep 27, 2011 12:39 PM GMT
    riddler78 saidIf by honest you mean delusional...

    Applies -
    http://www.scientificamerican.com/article.cfm?id=why-people-believe-in-conspiracies


    Sure. It's not like there are studies showing that traders have the moral center of sociopaths...

    http://www.spiegel.de/international/zeitgeist/0,1518,788462,00.html
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    Sep 27, 2011 12:44 PM GMT
    Christian73 said
    riddler78 saidIf by honest you mean delusional...

    Applies -
    http://www.scientificamerican.com/article.cfm?id=why-people-believe-in-conspiracies


    Sure. It's not like there are studies showing that traders have the moral center of sociopaths...

    http://www.spiegel.de/international/zeitgeist/0,1518,788462,00.html


    Doesn't mean they aren't delusional - or that those who would believe pompous asses like this one aren't conspiracy theorists. I doubt this guy is even delusional though for the record - just someone who is outwardly supremely overconfident of his abilities and a flair for self promotion. Do you know any traders? Ask jprichva - I'm sure he knows the type.
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    Sep 27, 2011 12:49 PM GMT
    Two separate issues shouldn't be confused:

    1) Deriving pleasure or demonstrating insensitivity to the suffering of others.

    2) Making prudent investment decisions based upon an assessment of market conditions, with the associated risks also considered. Obvious example - shorting a company.

    1) and 2) can coexist, especially when investment decisions are used in a predatory way against a company.
  • bad_wolf

    Posts: 1002

    Sep 27, 2011 12:59 PM GMT
    It is for reason 1) that I want to see him crash and burn. Profiting from global strife, seriously I thought Hilter was bad.
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    Sep 27, 2011 1:04 PM GMT
    bad_wolf saidIt is for reason 1) that I want to him burn. Profiting from global strife, seriously I thought Hilter was bad.


    This belief that traders cause strife is ridiculous. Traders seek assets that are underpriced in anticipation of revaluations. They don't cause the underlying value to change. The underlying problems in Western world - including Greece are that of countries'/citizens' own making.

    Attempting to put them in the same category of a mass murderer trivializes those massacred during the Holocaust and misallocates those truly responsible for the suffering in today's economies.
  • bad_wolf

    Posts: 1002

    Sep 27, 2011 1:05 PM GMT
    It was figurative, but seriously, what an arsehole no?

    I mean people dream of better thing, either for themselves or for others. This guy dreams of worldwide chaos and misery which he can gain from.

    Myself and my dad run and own our business, we're a sole-trader, and this climate has been devastating, and for people to revel in our grief so he can sleep easy on expensive silk. I won’t apologise for my outward aggression, I want to bake his head in an oven.
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    Sep 27, 2011 1:18 PM GMT
    Why have to dream of one when we're in one. icon_smile.gif
  • Lincsbear

    Posts: 2605

    Sep 28, 2011 12:25 AM GMT
    The big error the people`s of the democracies made:governments rule the world.
    Maybe once,but not any more....the general election last year in Britain was painful to watch as the politicians had collective nervous breakdowns about what the market would think of them.Not the people,the market.
    They`re beholden to the international system of which Goldman Sachs is one example.
    The traders like Alessio Rastani don`t wish trouble on anyone;they don`t really care one way or the other about anyone.They`re too busy making money.
    They see themselves as the ultimate realists.
    They`re not evil,nothing so crude,just amoral in their dealings.If a global financial crash is looming,to them it`s just one more opportunity to seek profit.There are always ups and downs.We should all be like them,enterprising,flexible,etc.
    Anything else is useless sentiment.End of story.
    This is their mindset,the world they inhabit.(I think).
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    Sep 28, 2011 12:33 AM GMT
    Lincsbear saidThe big error the people`s of the democracies made:governments rule the world.
    Maybe once,but not any more....
    They`re beholden to the international system of which Goldman Sachs is one example.
    The traders like Alessio Rastani don`t wish trouble on anyone;they don`t really care one way or the other about anyone.They`re too busy making money.
    They see themselves as the ultimate realists.
    They`re amoral in their dealings.If a global financial crash is looming,to them it`s just one more opportunity to seek profit.We should all be like them.
    Anything else is useless sentiment.End of story.


    Applies: http://www.scientificamerican.com/article.cfm?id=why-people-believe-in-conspiracies

    Why do people believe in highly improbable conspiracies? In previous columns I have provided partial answers, citing patternicity (the tendency to find meaningful patterns in random noise) and agenticity (the bent to believe the world is controlled by invisible intentional agents). Conspiracy theories connect the dots of random events into meaningful patterns and then infuse those patterns with intentional agency. Add to those propensities the confirmation bias (which seeks and finds confirmatory evidence for what we already believe) and the hindsight bias (which tailors after-the-fact explanations to what we already know happened), and we have the foundation for conspiratorial cognition.