The Glorious Recession


The Glorious Recession

Allesio Rastani, the young stock market “day trader” who in September livened up a BBC business programme with what he had to say about how the world’s financial markets operate and what their prospects for recovery are, is it transpires, not a very successful trader - but he certainly managed to touch a nerve that sent shivers across the globe.

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Submitted by : Donn Edwards of ALDARA PARK on 2011-11-02 16:25:11
The video is at http://www.youtube.com/watch?v=aC19fEqR5bA

Some more food for thought: the book "The Fear Index" by Robert Harris. It's fictional but makes you rethink what goes on at the stock market.
 
Submitted by : Scott Cundill of Johannesburg on 2011-10-26 16:03:13
Dear Mr Nose. Perhaps it is worth mentioning that the size of the global derivatives market is $US1.2-$1.5 quadrillion? Up until the time I learned this fact, I did not even know that there was such a thing as a quadrillion. To top it off, US banks have now quietly rearranged their exposure, making the US taxpayer liable for them. Considering that this equates to well over the GDP of the entire planet, and your article above confirms that SA tends to follow the boys in the US, when are we entitled to ask the question: "What the &%$^* is going on??????"

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