There were plenty of people on here, the Friday before the G20, stating that Trump would talk his book (China deal).
I was in an arb in my IRA and my net liq was sitting idle at my PB. Anyway, I went as long as possible in alternatives (wife's 401k, in-laws, etc.)
when george soros' black wednesday gains became public, wasnt there so much public outrage against fact that a group of wall street traders made profits off their collective loss in a redistribution of wealth exercise i guess this time with the $1.8 billion it was financed with money from ppl who went short on S&P believing the CNBC's bearish commentary on state of trade talks that whole week all in all in today's world it just seems to make a lot more financial sense to play the zero-sum wealth redistribution game rather than focus on the real economy, eg the $1.8 billion vaporized off the losing side in 1 weekend would be equivalent to 100 million hours of labor at $18/hr or whatever the median hourly wage is
people. trump said months ago the g20 was fue deal. it wasnt one entity.it was hundreds of people and algos buying as other covered short. yes thousands of people split 1.8 billion in paper profits sunday night..um..this happens every day 6 days a week!
...In 1980, Michael Thomas, the former Wall Street banker—he was a partner at Lehman Brothers, which his father once ran—turned expert Wall Street satirist, published his first novel, Green Monday, about a financial wizard and a Middle Eastern oil minister who successfully manipulate oil prices and make a fortune. After hearing the Chicago trader’s thoughts about the fortune apparently being made trading S&P futures, I contacted Thomas to see if he thought the book he released nearly 40 years earlier might have been prescient. He reminded me of the plotline of how a country like Saudi Arabia raises the price of oil, knocking U.S. stock markets for a loop. Then the leaders of the country load up on devastated U.S. equities. “When they’ve got a multibillion holding,” he said, “they announce a big cut in price of oil. The market goes apeshit.” He paused for a minute and said, “I would boast that Trump has read it, but he can’t read!” I ordered the book.
Belive it or not, I actually like reading Trumps books. I am not sure if he is writing them, or is having an assistant, but a lot of interesting business ideas I have found there. Especially now that he is a President, there must be more interesting topics