Tuesday 27 September 2011

Cancer stage of capitalism diagnosed by a trader

http://www.youtube.com/watch?v=lqN3amj6AcE&feature=player_embedded

'The cancer stage of capitalism' is a book by John McMurtry, but this trader likens the recession to cancer. He opines that "anyone" can make money in a recession. I didn't note his terminology, but the essence is you bet on stock markets falling.

Of course "anyone" can probably do this, but not everyone can. There have to be losers for there to be winners.

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