| x404.co.uk http://www.x404.co.uk/forum/ |
|
| Golden Era of Rock Star Traders Concludes http://www.x404.co.uk/forum/viewtopic.php?f=19&t=14321 |
Page 1 of 3 |
| Author: | koli [ Fri Jul 29, 2011 9:36 am ] | |||||||||
| Post subject: | Golden Era of Rock Star Traders Concludes | |||||||||
http://www.bloomberg.com/news/2011-07-2 ... frank.html I know that the brigade of socialists here won't like this article too much but I would like to share it anyway. |
||||||||||
| Author: | Amnesia10 [ Fri Jul 29, 2011 12:50 pm ] |
| Post subject: | Golden Era of Rock Star Traders Concludes |
I can understand why he is doing it. He is a macro trader trading on the general direction, and he admitted recently he does not know which direction the markets will go. He did also say that it would enable him to make bigger bets without having to consult third parties. Sent from my iPad using Tapatalk. |
|
| Author: | Linux_User [ Fri Jul 29, 2011 2:31 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
There's nothing wrong with socialism. Yours, An unrepentant socialist. |
|
| Author: | paulzolo [ Fri Jul 29, 2011 3:28 pm ] | |||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | |||||||||
+1 |
||||||||||
| Author: | Amnesia10 [ Fri Jul 29, 2011 3:45 pm ] | |||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | |||||||||
+1 |
||||||||||
| Author: | jonbwfc [ Fri Jul 29, 2011 3:50 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
I'm not sure I ever considered George Soros in quite the same light as say Liam Gallagher to be honest with you. 'Celebrity trader' possibly, but 'Rock Star Trader'? Have a word with yourself... Jon |
|
| Author: | koli [ Fri Jul 29, 2011 7:50 pm ] | ||||||||||||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | ||||||||||||||||||
No there's not, it's all peachy until money runs out. That's when it gets ugly!  
|
|||||||||||||||||||
| Author: | rustybucket [ Fri Jul 29, 2011 8:45 pm ] | |||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | |||||||||
If the capitalist tossers on the Right didn't fail quite so hard, the money wouldn't run out. |
||||||||||
| Author: | koli [ Fri Jul 29, 2011 9:36 pm ] | ||||||||||||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | ||||||||||||||||||
Would care to explain why people risked being shot when jumping the Berlin Wall just so they could flee the Eastern Germany? Why was there a Berlin wall in the first place and why were people prevented from getting through it? Why would people jump from bridges in Bratislava onto Austrian ships on Danube? Why did governments of Central Europe fold under revolutions of their own people who put they leaders to wall shot them in the head without a trial? Why Cubans risk crossing the seas to USA on barrels tied together with a piece of rope? All these efforts to escape the socialist paradise yet you still think you got it figured and millions got it wrong!! Mind just boggles... Why don't you educated yourself little bit and find out how it really is?! And if still feel like the socialist paradise is for you feel free to join millions of starving people in North Korea, locals who can't even speak to tourist in Cuba and the nation of that was blessed with their genius leader in Venezuela to see how you'd like living there!! |
|||||||||||||||||||
| Author: | belchingmatt [ Fri Jul 29, 2011 9:45 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
|
|
| Author: | rustybucket [ Sat Jul 30, 2011 10:33 am ] | ||||||||||||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | ||||||||||||||||||
My wife is East German. I know exactly how it is.
You seem to be confusing Socialism with Stalinist Totalitarianism. Try educating yourself before spouting utter drivel |
|||||||||||||||||||
| Author: | Linux_User [ Sat Jul 30, 2011 2:18 pm ] | ||||||||||||||||||
| Post subject: | Re: Golden Era of Rock Star Traders Concludes | ||||||||||||||||||
+1 |
|||||||||||||||||||
| Author: | ShockWaffle [ Sat Jul 30, 2011 4:46 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
Well to be fair, socialism is a dangerously amorphous concept and you guys aren't defining it. The chances are that the multiple people who have added their +1 of support for the idea don't really have the same thing in mind as each other, and don't actually agree at all. Just like conservatives. |
|
| Author: | Amnesia10 [ Sat Jul 30, 2011 5:23 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
Capitalism can also be as bad as socialism. Look at the excesses of american capitalism. They rape and pillage the landscape for profits leaving rivers polluted and water that ignites. Making profits yet avoiding the costs of pollution or health care to someone else to bear. Only the US is a climate change denier. Even China are worried about it. They know that with hundreds of millions of their population living near the sea that they will have significant problems if sea levels rise significantly. Also we do not live in a socialist or capitalist society, but a mixed economy. |
|
| Author: | ShockWaffle [ Sat Jul 30, 2011 6:03 pm ] |
| Post subject: | Re: Golden Era of Rock Star Traders Concludes |
Socialism (as I understand it - and nobody is correcting me so it's ok for me to use my understanding) suffers exactly the same problem that afflicts the tea party style laissez faire capitalists. Both views try to define a virtuous circle in which an economic theory and one of social justice work seamlessly, each enhancing and supporting the other to achieve an impossible level of economic and social bliss. Mixed economies exist because socialism is wrong and so is laissez faire capitalism. Society's general requirement of any economy is to drive material improvement so that we as a species can attain more / new goals. This is a utilitarian good, in which the needs of the many are catered for*; but like any utilitarian pursuit, it allows for some to be sidelined, ignored, exploited or even killed. The purpose of social justice is to protect those who might otherwise become unwilling sacrifices to the utilitarian pursuit from harm, and to ensure that they too gain from it. The Soviet Union attempted to take socialism to a logical extreme, where all means of production were socially owned, all consumption was supervised, and all concerns of social justice were abandoned for the economic theory which was assumed to be all that was required to meet those requirements. They also theorised that their model of socialism was the only one that wasn't tainted with compromise, and that anyone who stopped short of communism wasn't really a socialist at all. That argument is of course impossible to test so long as people define themselves as socialists without going to the trouble of defining what that might mean. So I don't think Koli's remarks about communism were as unfounded as his critics claim. * I humbly request any passing Spartists not to bore us with tripe about the entire working class being exploited drones, kept docile with television or religion. If people are happy with their lot, and feel they are living meaningful, worthwhile lives, let's show them more respect than that. |
|
| Page 1 of 3 | All times are UTC |
| Powered by phpBB® Forum Software © phpBB Group https://www.phpbb.com/ |
|
