Watch the following BBC interview with a stock trader in London on what he thinks will happen to the Eurozone.
Do you agree with him?
Trader on the BBC says Eurozone Market will crash
Published September 27, 2011 Economics , Stock Market 2 CommentsTags: bbc, crash, default, euro, eurozone, greece, trader
Sure I agree with him. I have arrived at all the conclusions he has made independently in recent months (both on my blog, and in my personal investments).
I don’t see how anyone can argue against the notion that wealthy traders make huge amounts of money betting on economic catastrophe. Soros is famous for making billions betting against the pound, for example. Shorting, buying puts, etc is the easiest thing to do, once you realize the market exists solely to transfer wealth between participants.
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