Financial Stability News

Flashing news about financial stability and central banking

Watch this amazing trader on BBC

This post on Naked Capitalism on Monday is just amazing – and quite scary. The guy is essentially saying that the politicians are powerless to fix the crisis, that the economy is run by Goldman Sachs and the pension funds and that we all should run and save our assets (in case we have any!). And remember, it is people like him that are supposed to take care of our pension funds. Is this efficient markets and optimal allocation? I guess not.

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