MajorDutch
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Well, some investment banks do badly because they use a bull market strategy in the bear market. Maybe they have too many 20-year olds on their trading floors. Or maybe they are able to write off profits somehow and make more money on losses. Who knows. But tons of other investors and traders are reeking in profits in this volatile market.
But, did you listen to the actual clip with Rastani? He is not exactly stating that he is thrilled that people suffer a recession. That's a bit of media hype. He is simply stating that people should find other means for financial independence, and that a recession offers profits in trading.
He was selling them a dream a dream of the 'trader lifestyle', he was slick. Had a lot of the hallmarks of a confidence trickster. I would expect his trading mentorship site to be up within days. 😴