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Quite possibly the most embarrassing interview of a trader - EVER


baypond

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http://www.youtube.com/watch?v=aC19fEqR5bA&feature=topvideos_news  "trader on the BBC says Eurozone will crash" This is the sort of person that gives banking and traders an even worse name than they have already. He is not representative of the industry. I can not believe that the BBC didn't vet him better. Laugh, but don't take his arguments seriously.
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[quote user="Quillan"][quote user="pachapapa"]

A refreshing note of truth and sincerity.

An honest banker! Must be unique.

[/quote]

Did you forget the smiley or are you just trying to wind people up or are you simply naive? [:P]

[/quote]

Yes! Thankyou Alessio for filling me in, i shall take his advice and minimise my exposure to non tangible euro assets.

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[quote user="Jazzer"]According to the First Post, he describes himself not as a hoaxer, but an attention seeker. He has never been authorised by the FSA or worked for a city institution.[/quote]

Really!

Something must have got lost on youtube.

Watch it again and note the timeline so you can zoom me in scotty to the correct time dimension.

P.S. The first time IIII saw attention seeker mooted was in the Daily Telegraph a day later.[:D][:D][:D]

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[quote user="Quillan"]Can you be a bit clearer on what you mean please re time line?[/quote]

On the tube there is a little round blob that moves to the right as the stream is viewed, allowing the identification of the time at which a point of interest occurs. Jazzer should be able to direct me to the viva voce which the Telegraph seems to have copied just one day earlier.

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[quote user="Jazzer"]Here is the article I read: www.thefirstpost.co.uk/85153,people,news,alessio-rastani-im-an-attention-seeker-not-a-hoaxer?DCMP=NLC-daily. Hope the link works.[/quote]

Indeed you may be correct but I dont do unactivated links, my basic premise is that if a posterr is to bone idle to activate then there is no way I'm gonna copy & paste.

You mentioned the first post...you may care to reperuse and note the exact point when the video mentions full frontal exposure using a dirty plastic raincoat.[:P]

Quite possibly the most embarrassing interview of a trader - EVER

http://www.youtube.com/watch?v=aC19fEqR5bA&feature=topvideos_news "trader on the BBC says Eurozone will crash" This is the sort of person that gives banking and traders an even worse name than they have already. He is not representative of the industry. I can not believe that the BBC didn't vet him better. Laugh, but don't take his arguments seriously.

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  • 1 month later...
[quote user="Quillan"][quote user="pachapapa"]

A refreshing note of truth and sincerity.

An honest banker! Must be unique.

[/quote]

Did you forget the smiley or are you just trying to wind people up or are you simply naive? [:P]

[/quote]

It would seem that the Independent Newspaper is entering an era of naivety and irresponsible journalism.

http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html

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An old business maxim goes for every plan of success make sure there is an exit strategy, and a plan for failure, for those who have unshakeable belief that the Euro can pull through, as a result of  Germany's support (as indeed Tarzan believes) then I hope so for all our sakes, but it seems to me that events of the last month were not believed a little while ago and just maybe the traders/pessimists have something to support their view, at least, the Euro seems to me to be a painful currency. I am reminded of the quote "The market is a more powerful and more reliable liberating force than governments can ever be."

 

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Turner's speech on monday, more lecturing the euro-freaks is worth a read.

His use of the Goodhart phrase " subsidiary sovereign bonds" is apt to categorise the market weakness of the PIIGS.

http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2011/1121_at.shtml

The pdf is a better read with all the diagrams available at

http://www.fsa.gov.uk/pubs/speeches/1121_at.pdf

Charles Goodhart's paper is on the LSE site.

Found a pdf copy of it.

http://www.nber.org/chapters/c12599.pdf

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