Novara Media Downstream: Britain’s Economy Will Only Get Worse Forever w/ Gary Stevenson
Mar 4, 2024
Former trader Gary Stevenson discusses his transition from trading, criticisms of the financial system, predicting economic collapse, UK middle class struggles, socioeconomic disparities, interbank lending, wealth transfer to the rich, and the need for urgent economic reform
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The Trading Game
- Gary Stevenson, a former trader, recounts his experience winning Citibank's "Trading Game" competition.
- His mathematical approach and understanding of psychology helped him win, leading to a trading career.
Right Place, Right Time
- Stevenson started at Citibank's forex desk during a period of low profits.
- The 2008 financial crisis unexpectedly made his desk highly profitable due to their specific products.
Unexpected Bonus
- Despite aiming for a £100,000 bonus, Stevenson earned £395,000 in his first year, shocking him and changing his perspective.
- This large sum felt almost criminal compared to his father's hard-earned £20,000 annual salary.