Frank Wilhoit, a composerDurkheim or Karl Marx?
Frank Wilhoit, a composerDurkheim or Karl Marx?
big mates with Ruddy Yurts!
What do they invest in?
Interesting guy this. Used to be a trader in the city.
this was an excellent watch, possibly the most interesting thing ive seen this year
I'm not watching one and a half hours of someone I've never heard of before, could you summarise it in like two sentences or something?
In 2011, while working as a City trader, Gary Stevenson (@GarysEconomics) joined the ultra rich with a single bonus cheque. Not long after he was named one of Citibank’s highest performing traders worldwide. Stevenson made millions for his employer by betting on one thing: that the British and American economies would fail to recover from the global financial crisis, that inequality would only get worse and living standards would stagnate. That made him rich, but miserable. Which is why Gary would later leave his job to campaign on inequality. In this interview he discusses his personal story - from studying at the LSE to the working culture of one of the world’s biggest banks - to what the economics of the 2020s will look like, and how the plan is to destroy the middle class.
Loads of traders are working class and from Essex.
This is the LME, which is the last open outcry floor. Basically everyone in this pic is from Romford or Billericay etc. Not sure it gives that YouTuber the edge he claims:
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Ilfordwhat makes him additionally interesting and having a unique perspective is that he comes from a poor family - Barking? Romford? East London somewhere. I forget now, and has a perpetual outsiders view of the whole shitshow of the banking world...and he says its that perspective that makes him a top trader often making correct predictions where the rich insulated insiders get it wrong
lots of topics covered in the video, all very interesting and unlike most economists came across as accurate to me
Very much thisHe talks about that a bit. He says the notion of the east end barrow boy trader, if it was true at some point in the 80s has fully reversed in recent years and in his experience is the usual rich boys club other parts of the establishment are - at least within the floors he was on
That would be my reaction usually as well, but as someone who pretty much never listens to a 1.5hr video or podcast (this is also available on spotify), and usually gives up in the first 10 mins when I do, I'm going to say that this one was worth every minute. It has an interesting personal story, amusing take-downs of top economists, savage attacks on long term government policy, clearer descriptions of how the economy works than you'll hear almost anywhere, and good politics as well.I'm not watching one and a half hours of someone I've never heard of before, could you summarise it in like two sentences or something?
I subscribed to his channel! Novara Media are really good I find also. The experts they get on really know their stuff.this was an excellent watch, possibly the most interesting thing ive seen this year
In the US I believe this is less of an issue as house prices seem to move down as well as up,I watched it, it’s quite understandable on 1.5x speed which chops half an hour off. In summary “capitalism is finished” = home-ownership is finished for working class people without inheritance etc who save a deposit from from their earnings. This is due to QE and low interest rates which has caused asset price inflation. This needs to be unwound by taxing wealth.
Do people actually believe this?Loads of traders are working class and from Essex
Why not?Do people actually believe this?
Because it’s not true.Why not?
Because it’s not true.
Because it’s not true.
UK is better if you count cards...US are all on 20 year mortgage deals...UK mortgage deals make it a much shorter stackIn the US I believe this is less of an issue as house prices seem to move down as well as up,
I was intrigued to check out Evanston - a mixed but quite posh university suburb NW of Chicago (home NW University of Illinois) - but also easily and cheaoly commutable to downtown Chicago. Flats from $110,000, houses from $360,000/
Why is rip-off Britain such a rip-off? Same as London ooop north eg Manchester or York
Evanston Real Estate - Evanston IL Homes for Sale
Real Estate for Sale in Evanston IL.search.vestapreferred.com
Can you say that in plain English?UK is better if you count cards...US are all on 20 year mortgage deals...UK mortgage deals make it a much shorter stack