dagblog - Comments for "Stock trader: Europe will collapse because"

The rogue trader: Crazier

artappraiser — Wed, 28 Sep 2011 10:03:51 +0000

In reply to Stock trader: Europe will collapse because

The rogue trader: Crazier than a psychopath
The BBC is shocked when a speculator tells the truth, but science explains the appetite for destruction

By Andrew Leonard, Salon, September 27, 2011

Shock, consternation, cries of rage and accusations of Yes Men hoaxery -- the uproar in response to statements made by "independent trader" Alessio Rastani to the BBC on Monday tended to miss one important fact: this is exactly how many traders behave and think.

Maybe it's a hoax, maybe not. But when the BBC anchor asked Rastani what European political leaders could do to assuage trader misgivings over the state of the European financial crisis, his words rang with honesty:....

just went back to nytimes.com

artappraiser — Mon, 26 Sep 2011 23:21:31 +0000

In reply to One thing he's probably

just went back to nytimes.com and I came across the proof that I am not imagining the above (nearly lol at the title):

Euro Zone Death Trip
By PAUL KRUGMAN
Published: September 25, 2011

Is it possible to be both terrified and bored? That’s how I feel about the negotiations now under way over how to respond to Europe’s economic crisis, and I suspect other observers share the sentiment.....

Honest, I really did not see this column until just now.

One thing he's probably

artappraiser — Mon, 26 Sep 2011 23:04:36 +0000

In reply to Stock trader: Europe will collapse because

One thing he's probably pretty right about is the fear about this among "many investors."

See George Soros for example, someone who knows his way around a currency crisis or two.

Just now when I was over at nytimes.com for another reason, I noted one headline: Wall Street Rebounds on Europe Hopes 4:07 PM ET. Seems to me Europe is all the markets have been worrying about for weeks, it is almost like the U.S. economy is an issue of very minor interest and of relatively minor importance. There really seems to be a lot of real fear over this, and any little bit of hope is pounced upon. I notice it too in the general "Manhattan talk" I've been privy to: Europe, Europe, Europe, everyone's scared about Europe.