Alessio Rastani is the UK trader interviewed on the BBC who said many uncomfortably true things, which is uncharacteristic on television. Apparently, many people thought he was a fake that somehow managed to get on television. Forbes rang him up for an interview, and asked him a series of questions to test his authenticity. The results are here. Let’s just say that he seems to pass just fine.
Source link: http://archive.mises.org/18548/interview-with-alessio-rastani/
Interview with Alessio Rastani
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And what is your opinion on what he says? Do you REALLY think Goldman Sachs is ruling the world? Do you REALLY think that T-Bonds are a good investment right now? It sounds like a joke.
TBonds are not a good investment right now, like most things. But they’re probably safer than just cash. I think that’s what he likely means. Gold and silver are better things to back your dollars with right now but if you want to “hedge” then also putting your cash in something like SHY is probably safer now than just having a cash position or savings at a bank.
Maybe he’s using Goldman Sachs as a metaphor.
http://goo.gl/nBW5a
Governments rule the world. Last time I checked GS wrongdoing would not be possible without governments and is direct consequence of government existence in a mixed market. Poor way to shift the blame. To add insult to injury he is calling tbonds of biggest debtor in a world safe investment. LOL? This is dumb.
The fact that GS wrongdoing would not be possible without the “government” does nothing to refute the statement that “GS rules the world” (although, if you took that quote literally, you missed the point).
Anna Morgenstern in Without Adjectives.
How does GS rule it, if one is to be literal?
I think he means, Tbonds are safer than a lot of equities right now. I don’t know what he thinks of government paper in the long run, but I think that nearly everyone with common sense would agree that paper financial instruments always tend to revert to their intrinsic value.
Governments indeed rule the world, but who rules governments? The list of Goldman Sachs executives who occupy top government financial positions is a strong clue. Entire books have been written about the US Fed and questioning its ownership and ultimate control. One thing is for sure – practically no legislator in any country understands what a central bank is, how it works and on whose behalf it works. Clearly they are not setting monetary policy, but someone is setting it for them.
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212
This is a great book on the origin of the Fed. Read and have your eyes opened. Thank you.
Oops I didn’t mean to reply to Ohhh Henry. Doens’t make it less relevant.
if money’s tight
http://www.4shared.com/document/XfcraKi4/Creature_From_Jekyll_Island_by.htm
They may be safer in the near term, but in the long run, I would prefer to own a physical business that actually produces something as businesses generally are not reliant on a government to give them handouts. His advice is probably good for those who are nearing retirement, but for someone like myself who has a few decades before having to think about that, the stock price crash will be a great time to buy, buy, buy.
His advice on bonds sucks. Lets see, a 5 year note is trading at under 3 while the 30 year is under 4? I wonder if purchased that suit recently because it is definitely more expensive than it was 2 months ago. And how about buying produce?
we’re only buying bonds to flip them… same old dance
When he says Goldman Sachs I don’t think he means it literally. I believe he is saying that Governments don’t (and can’t) fix anything or produce anything, they only muddle the marketplace and distort the economy.
He’s uncertain on tick size of SP500 and DOW. Came back in Forbes in interview to clarify. And got them wrong. Pretty crap trader, if he was, that doesn’t know this. How does he manage his leverage without knowing tick size?
he is a trader and treasuries were looking good last week.so his advice as a trend trader is just fine.he is bang on about goldman.govts and voters can pretend to be in control,but with fiat money,banksters rule
As I understand he really isn’t a trader.
http://www.incise.org.au/2011-09-28/the-wrong-man-with-the-right-answers/
But well it’s kind of well done.
From your link:
Rastani never made any such claim. He said he trades his own money, which requires no license. See the comments from the Forbes link Jeffrey provided. The INCISE people are full of it. Rastani is legit.
Guy’s a fraud.
http://www.dailymail.co.uk/news/article-2042717/Alessio-Rastani-How-did-BBC-mistake-day-trader-Master-Universe.html
REAL trading wisdom direct from the Gnome of Lone Oak:
Buy low, sell high; sell (short) high, buy low; bulls get rich, bears get rich; pigs get slaughtered; don’t let your meatloaf.
Wow! He said something people don’t want to hear. Must be a fraud. Same as that other feller in the US, whassissname. He says uncomfortable things as well. Can’t have that. Then there are those Austrian economics fellers. They say uncomfortable things. They must be frauds. Anyone what says stuff that makes the good and great uncomfortable, they must be frauds. Quick, write a stab job article about them all. Splatter them.
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