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Sep 27 2011

“I Dream Of Another Recession”

(10 am. – promoted by ek hornbeck)

Never mind dreaming of Jeannie, trader Alessio Rastani tells the BBC host that he goes to bed dreaming of the next recession and doesn’t care what happens to the economy because people like him will make a fortune from the crash. He almost makes an ambulance chasing lawyer sound like a humanitarian but he’s not wrong just painfully realistic.

‘Governments Don’t Rule the World, Goldman Sachs’ Does

“This is not a time right now for wishful thinking that governments are going to sort things out,” Rastani told the BBC. “The governments don’t rule the world, Goldman Sachs rules the world.”

In a candid interview about the Eurozone rescue plan, Rastani said the market is ruled by fear and cannot be saved by the rescue plan.

“They know the stock market is toast,” he said. “They know the stock market is finished.”

Rastani said most investors are moving their money to places it would be more safe, like U.S. treasuries and the dollar, as they simply do not care about the state of the economy but rather about their own pockets.

“Personally it doesn’t matter,” he said. “See I’m a trader. I don’t really care about that kind of stuff. If I see an opportunity to make money, I go with that.”

snip

“For most traders…we don’t really care that much about how they’re going to fix the economy, how they’re going to fix the whole situation,” Rastani said. “Our job is to make money from it.”

h/t Yves Smith @ naked capitalism

1 comment

  1. TMC

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