global financial crash yay!
- Thread starter sufi
- Start date
Sectionfive
bandwagon house
Says a lot that we don't know if this is satire or not 
Getting back to the practicalities of a Greek default. I think the big thing is that even if they return to the drachma the debt will still be in Euro and multiply. I think the plan at the moment is they are going to try and ringfence Greece (read. just the Greek banks) and then do what we did but on a unimaginable scale. Which has worked so dandy for us of course.
Here's another graph
Getting back to the practicalities of a Greek default. I think the big thing is that even if they return to the drachma the debt will still be in Euro and multiply. I think the plan at the moment is they are going to try and ringfence Greece (read. just the Greek banks) and then do what we did but on a unimaginable scale. Which has worked so dandy for us of course.
Here's another graph
His blog is here:
http://www.leadingtrader.com/09/glo...or-another-recession/comment-page-1/#comments
looks ginuwine to me.
http://www.leadingtrader.com/09/glo...or-another-recession/comment-page-1/#comments
looks ginuwine to me.
crackerjack
Well-known member
BBC have now issued formal statement saying they're pretty sure he is.
Sectionfive
bandwagon house
Well played anyway. As everyone discusses the messenger and not the message.
computer_rock
Well-known member
the guy is like the living embodiment of 'creative destruction'
mistersloane
heavy heavy monster sound
Every trader I've spoken to since the crash and the Black Swan/Blank Swan came out has discussed exactly what he's saying there, it's just surprising that it's taken someone so long to come out and be honest on the news. What I find scary is that the BBC newsroom was 'open-mouthed' at what he said, you only have to have a drink any night of the week in Liverpool Street to find someone who says that. Another planet.
IdleRich
IdleRich
Well he was hardly trying to disguise the message though was he? I think the messenger is interesting because nobody has ever chosen to say it so blatantly in a public forum before - as Mistersloane says we all know the message already. Why it's now deemed ok to release it to the general public is maybe the question here?
Sectionfive
bandwagon house
Perhaps Goldman Sachs don't run the world any more
mistersloane
heavy heavy monster sound
Yeah, I thought that too. it is the bankers going to war with Baroso over the financial transactions tax?
It certainly seems like an open declaration of war to me, on both sides. I quite like it. It's kinda more glamorous than assassinating archdukes or whatever.
crackerjack
Well-known member
Actually nothing so shady. Guy's just a nobody with a big mouth and an eye on the main chance.
Turns out those who called bunkum are actually closer to the mark.
Sectionfive
bandwagon house
computer_rock
Well-known member
did i just hear peter oborne reference marx approvingly? lol
crackerjack
Well-known member
let's not go there again - the only financially savvy thing about this bloke is the fact that he's basically living off his girlfriend
really? this is the first mention that he should not be trusted i've seen anywhere...
why is the BBC interviewing him?
crackerjack
Well-known member
re-post from above http://www.telegraph.co.uk/finance/...tani-Im-an-attention-seeker-not-a-trader.html
God knows. He has a website called Leadingtrader.com, so maybe their researchers just googled that and called the first name that came up.
Mr. Tea
Let's Talk About Ceps
Well he introduces himself as some sort of private trader - my guess would be that they just took him at face value and didn't do any research on what he actually does (or tries to do) for a living.
Sectionfive
bandwagon house
Which of course blows wide open all the "experts" the wheel out on the news