The Diary Of A CEO with Steven Bartlett

EMERGENCY DEBATE: They Lied About The Economy Recovering! Is A Financial Apocalypse Coming?

1684 snips
Mar 20, 2025
Join economist Gary Stevenson, former financial trader and author, alongside serial entrepreneur Daniel Priestley, as they unravel the looming financial crisis. They discuss the unsettling truth about the economy not truly recovering and explore the responsibilities of government policies in worsening wealth inequality. Expect insights on the potential for a more severe financial crash than 2008, why millionaires are leaving the UK, and the struggles of new entrepreneurs in today's economic landscape.
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ANECDOTE

Gary Stevenson's Background

  • Gary Stevenson, born in Ilford, East London, to a poor family, excelled in maths and attended the London School of Economics.
  • He became a trader at Citibank in 2008, witnessing the Lehman crisis and becoming their most profitable trader in 2011.
INSIGHT

Misjudging Economic Recovery

  • Economists and traders, despite their expertise, repeatedly misjudged interest rate movements and economic recovery after the 2008 crisis.
  • This highlighted a significant gap in economic understanding and a potential opportunity for those who could decipher the situation.
ANECDOTE

Leaving Citibank & Societal Collapse

  • Gary Stevenson left Citibank after making substantial profits by betting on societal collapse, aiming to prevent such a scenario.
  • He expresses concern about growing wealth inequality and the potential for Western societies to experience poverty similar to developing nations.
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