Trader tells BBC Gov't will not Save markets. Get ready

[revelarts]

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[fj1200]

A trader with an opinion? How far did you have to search to find that? :rolleyes: A wrong one probably.

[Dilloduck]

He was certainly correct by saying Goldman Sachs and not governments ruled the world.

[logroller]

A trader with an opinion? How far did you have to search to find that? :rolleyes: A wrong one probably.

A trader with an opinion...and a large interest in inverse instruments.

[revelarts]

A trader with an opinion? How far did you have to search to find that? :rolleyes: A wrong one probably.
well ( the bullish crowd or) Giethner sure hasn't been right the whole time he's been yapping for the past 15 yrs. "fundamentally sound" :rolleyes:

but some people like Peter Schiff, Ron Paul, ---- have been right.
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"Derivatives are Good For you and the market, chortle chortle.... the Fed has Guns yet to fire... Housings not a bubble, prices always rise in real estate... All we need is a "stimulus" ... yeah that's the ticket."

COUGH


Fj Prepare for the worse, hope and pray for the best.
Seems to me.

[fj1200]

well ( the bullish crowd or) Giethnersure hasn't been right the whole time he's been yapping for the past 15 yrs. "fundamentally sound" :rolleyes:

but some people like Peter Schiff, Ron Paul, ---- have been right.

"Derivatives are Good For you and the market, chortle chortle.... the Fed has Guns yet to fire... Housings not a bubble, prices always rise in real estate... All we need is a "stimulus" ... yeah that's the ticket."

COUGH

Fj Prepare for the worse, hope and pray for the best.
Seems to me.

There's being right and there's being right because you were lucky. If you were just lucky then your comments should be appropriately discounted or ignored(?).

But do you REALLY think the government is going to "let the markets fail" or whatever his assertion was? Besides, markets don't fail in the first place, it's a matter of government imposing/removing its influence.

[revelarts]

This is kind of a long one but it cover some real world overview of market economics IMO,
If you get a chance to give it a listen I'd be interested in your take on it.
http://globalresearch.ca/index.php?context=va&aid=11852

"Causes and consequences of the financial meltdown;
The speculative onslaught;
Financial fraud and the "bank bailouts";
Bankruptcy of the real economy;
Impacts on employment, wages and social services;
Towards a spiralling public debt;
The economic crisis and its relationship to the Middle East war;
The centralization of corporate power;
The concentration of wealth;
The globalization of poverty.
What are the policy alternatives?"
(http://globalresearch.ca/index.php?context=va&aid=11852)

[fj1200]

This is kind of a long one but it cover some real world overview of market economics IMO,
If you get a chance to give it a listen I'd be interested in your take on it.
http://globalresearch.ca/index.php?context=va&aid=11852

Do you want my real take on it? But an hour and 18 minutes! Do you have some cliff notes or something? I made it through about 15-20 minutes before the video crapped out on me (my laptop has video issues) but it only took about a minute to catch the gist of his views.

I think he's nuts. All this talk about "they" are doing this and "they" are doing that is balderdash; who is "they"? Deutsche Bank didn't crater GM, GM cratered GM; DB happened to have called it right.

I might like to chuckle at his "globalization of poverty" view if you can tell me when it starts and also cliff note his policy alternatives; those will be more telling than the lead-up IMO.

The video started up again; he mentioned the middle class lost 50-80% of the "funds they had invested." That's patently false as the market may have dropped 50%, or whatever, from it's high but those people have likely invested all the way up as well.

[fj1200]

http://globalresearch.ca/index.php?context=va&aid=11852

Alright, listened to a bit more and considering this was posted 2 1/2 years ago and nothing that he said would happen (about 1:10:00 on) has happened... I'd say that speaks to his credibility.