Now this is really scarey

[Prospero]

[trish]

Isn't this just the market adjusting and seeking new and better equilibria where all demands are met and no deserving persons or families are left in need or want? After all, traders don't give a damn about the economy, they just want to make money for themselves and their clients. What could go wrong?

[Prospero]

On isn't irony wonderful.
Thanks Trish. Phew.....

[NYBURBS]

The guy is only saying what most people with common sense can see. I like his honesty.

[muh_muh]

http://www.huffingtonpost.com/2011/0..._n_981950.html

also watch horizons episode on being evil from a few weeks back it deals with a very similar topic

[Bobby Domino]

great articles. Thank you

[Stavros]

I see the backlash has started with people questioning what this man's credentials are, given that he doesn't work for a major hedge fund or city institution but has his own company which, apparently, is in the red.

When he says he goes to bed at night dreaming of a recession, he could also say that a great time to buy stock is when its value is falling -if you can see the firm has underlying asset value then buying cheap to sell dear later makes sense -both Shell and BP over the last decade have been through difficult times when their share value fell and it made sense to buy. As for Goldman Sachs ruling the world, come on, there are plenty of nutters who thinks its the Rothschilds -I don't think this guy really knows what he is talking about, its flannel, and he admits himself he is a show off.

http://www.telegraph.co.uk/finance/e...-a-trader.html