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Ecrit par:  DAVID
Date création:  27-09-2011
Nombre de vues:  1464
Catégorie:  finance
News N° 183 - A trader dream of a market crash all night : finance

ALESSIO-RASTANI: A trader dream of a market crash all night


A market trader has given an extraordinary interview in which he admits he has been hoping for another economic crash because it will make him rich.

Independent trader Alessio Rastani told the BBC that the rescue package being put together by governments to save the eurozone was doomed to failure and appeared pleased by his own prediction.

"I've been dreaming of this for three years, I have a confession, I go to bed every night and I dream of another recession, I dream of another moment like this," he said.

"I'm very confident that this particularly rescue plan ... It doesn't matter how much money they want to put in, it's not going to work, because this problem can not be solved."

He added: "I'm fairly confident the euro is going to crash and its going to fall pretty hard. Because markets are ruled right now by fear."

A proposed three trillion euro (£2.6 trillion) rescue package for the eurozone is expected to be announced within days, and could be in place within weeks.

Confirming the worst stereotypes of the City trader, Rastani said traders did not care what happened to the economy as long as they made money.

"We don't really care whether they're going to fix the economy, our job is to make money from it," he said.

"The 1930s depression wasn't just about a market crash, there were some people who were prepared to make money from that crash. I think anyone can do that," he said. "It's an opportunity."

He added: "When the market crashes, if you know what to do, if you have the right plan to set up, you can make a lot of money from this."

Rastani said that it was "wishful thinking" to believe government's could prevent another recession.

"Government's don't rule the world, Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package," he said.

The interviewer said "jaws had dropped" around the BBC newsroom while they listened to his answers.

Source: http://www.huffingtonpost.co.uk/2011/09/26/alessio-rastani-market-tr_n_981047.html
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