The Trader on BBC
September 28th, 2011I’m a bit baffled by the level of interest in this one. I watched this and thought, *meh*, “Maybe he has been reading Cryptogonzerohedgeautomaticeartheconomiccollapseblogetcetc” HAHA. I also wondered if he was trying to shill the thing down so he could go long… Because, for as many times as this was submitted, nobody mentioned what happened the next day:
FTSE 100 +204.68 +4.02%
DAX +282.88 +5.29%
CAC 40 +164.04 +5.74%
Anyway, here you go.
I saw this on about 6 or 7 websites today, which is VERY unusual- most places I go I think try not to duplicate the other ones. So that was one alarm bell of weirdness.
I was hoping someone else here had noticed the same. The more I thought about it, the stranger it seemed. An independent trader, interviewed in England, that doesn’t have an English accent. Telling people to invest in Treasuries? He didn’t say U.S. but if he meant US – I question why he would tell people to invest in the paper of a bankrupt nation, or any nation for that matter.
Telling people that know nothing of the risk to PLAY and gamble on a declining stock market is henious. And that its all going to be gone in 12 months if they don’t do something.
There is something wrong with this picture. Even though I know Goldman Sachs owns the world, there is something that doesn’t feel right to me, and I can’t put my finger on it. I feel slimed, like after I watch a commercial from a drug company.
All very strange. I think this serves multiple purposes…placating the many who felt on edge and just wanted to hear it, removing any doubt by the positive following day, and then solidifying those who already believed in the system by the “response” of the market to that news.
It’s strange indeed. The Telegraph (FWIW) has an article — http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html — which just clouds the picture even more, in my view. Especially the parts about how he’s basically broke, is simply an attention seeker, and merely trades as a hobby. He claims the BBC approached him for the interview — but nobody, including the BBC, has explained why. No wonder a lot of people initially thought this was a hoax (a la The Yes Men). The guy does actually have a web page and has been blogging for awhile… so, seems legit… but I’m still wondering WTF the BBC brought an unknown “trader” on and treated him with so much respect, instead of scoffing at his truthiness. I’m sure it was just a cock-up, right?
a mixture of propaganda and ???.
the ??? most likely being stupidity.
@Tru3Magic,mangrove, and tochigi,
I was so glad to read you thought it was weird (for lack of a better word) too. In retrospect, it was also the PINK TIE. What kind of person wears a pink tie? I think its a code among men, the colors of the ties they wear.
John Boner, oops, and ahem, excuse me Boehner had a pink tie on the other day in some teleconference, and that guy in MO is a walking coin and cash collector from the cocks, oops I meant Koch brothers.:-)
The color of money is PINK now? Nauseating.