2011<00:00:00.719> was<00:00:00.880> like<00:00:01.040> kind<00:00:01.199> of<00:00:01.280> a<00:00:01.439> mad<00:00:01.680> year,<00:00:01.920> right?

2011 was like kind of a mad year, right?

2011 was like kind of a mad year, right? Because<00:00:02.399> everybody<00:00:03.040> thought<00:00:03.280> that<00:00:03.520> there<00:00:03.679> was

Because everybody thought that there was

Because everybody thought that there was going<00:00:03.840> to<00:00:03.919> be<00:00:04.000> this<00:00:04.240> big<00:00:04.400> economic<00:00:04.720> recovery.

going to be this big economic recovery.

going to be this big economic recovery. So<00:00:05.279> my<00:00:05.520> job<00:00:05.920> was<00:00:06.319> basically<00:00:06.640> to<00:00:06.799> bet<00:00:06.960> on<00:00:07.359> is<00:00:07.600> the

So my job was basically to bet on is the

So my job was basically to bet on is the economy<00:00:08.080> going<00:00:08.240> to<00:00:08.320> be<00:00:08.400> strong<00:00:08.559> or<00:00:08.800> is<00:00:08.960> the

economy going to be strong or is the

economy going to be strong or is the economy<00:00:09.360> going<00:00:09.519> to<00:00:09.599> be<00:00:09.679> weak.<00:00:10.000> During<00:00:10.639> 2008,

economy going to be weak. During 2008,

economy going to be weak. During 2008, the<00:00:11.599> the<00:00:11.840> newspapers<00:00:12.320> were<00:00:12.480> the<00:00:12.639> same.<00:00:13.040> We're

the the newspapers were the same. We're

the the newspapers were the same. We're going<00:00:13.280> to<00:00:13.440> have<00:00:13.519> a<00:00:13.679> massive<00:00:14.000> bounce<00:00:14.320> back.

going to have a massive bounce back.

going to have a massive bounce back. 2009,<00:00:15.519> 2010,<00:00:16.320> and<00:00:16.560> every<00:00:16.880> single<00:00:17.119> year<00:00:17.199> I

2009, 2010, and every single year I

2009, 2010, and every single year I worked<00:00:17.600> there.<00:00:17.920> 2008,

worked there. 2008,

worked there. 2008, I<00:00:19.199> saw<00:00:19.359> them<00:00:19.520> predict<00:00:19.920> recovery<00:00:20.240> didn't

I saw them predict recovery didn't

I saw them predict recovery didn't happen<00:00:20.960> in<00:00:21.279> 2009.<00:00:22.240> 2009<00:00:22.960> again,<00:00:23.279> same<00:00:23.519> thing.

happen in 2009. 2009 again, same thing.

happen in 2009. 2009 again, same thing. 2010<00:00:24.400> again,<00:00:24.640> same<00:00:24.880> thing.<00:00:25.039> So<00:00:25.279> by<00:00:25.519> 2011,<00:00:26.720> I'd

2010 again, same thing. So by 2011, I'd

2010 again, same thing. So by 2011, I'd seen<00:00:28.000> like<00:00:28.400> three<00:00:28.800> successive<00:00:29.359> years<00:00:29.760> of<00:00:30.080> next

seen like three successive years of next

seen like three successive years of next year<00:00:30.560> things<00:00:30.720> will<00:00:30.880> be<00:00:31.039> good<00:00:31.119> and<00:00:31.359> things<00:00:31.519> not

year things will be good and things not

year things will be good and things not being<00:00:32.000> good.

being good.

being good. And<00:00:33.040> I<00:00:33.280> became<00:00:33.520> obsessed<00:00:34.000> like<00:00:34.160> this<00:00:34.399> was

And I became obsessed like this was

And I became obsessed like this was going<00:00:34.559> to<00:00:34.719> be<00:00:34.800> my<00:00:34.960> edge.<00:00:35.360> I'm<00:00:35.520> going<00:00:35.600> to<00:00:35.680> be<00:00:35.840> the

going to be my edge. I'm going to be the

going to be my edge. I'm going to be the guy<00:00:36.160> that<00:00:36.399> works<00:00:36.640> out<00:00:36.880> why<00:00:37.040> the<00:00:37.280> economy<00:00:37.520> is

guy that works out why the economy is

guy that works out why the economy is actually<00:00:38.000> weak.<00:00:38.719> And<00:00:38.879> I<00:00:39.120> came<00:00:39.280> to<00:00:39.360> this

actually weak. And I came to this

actually weak. And I came to this conclusion<00:00:39.920> that<00:00:40.160> basically<00:00:41.360> we<00:00:41.600> have<00:00:41.760> this

conclusion that basically we have this

conclusion that basically we have this structural<00:00:42.320> crisis<00:00:42.640> of<00:00:42.879> growing<00:00:43.200> wealth

structural crisis of growing wealth

structural crisis of growing wealth inequality.<00:00:44.320> The<00:00:44.559> middle<00:00:44.800> class,<00:00:45.040> the

inequality. The middle class, the

inequality. The middle class, the working<00:00:45.440> class<00:00:45.680> are<00:00:45.840> getting<00:00:46.000> squeezed<00:00:46.399> out.

working class are getting squeezed out.

working class are getting squeezed out. The<00:00:46.960> rich<00:00:47.200> are<00:00:47.440> accumulating<00:00:47.920> it.<00:00:48.079> And<00:00:48.239> I

The rich are accumulating it. And I

The rich are accumulating it. And I realized<00:00:48.719> straight<00:00:48.960> away<00:00:49.120> that's<00:00:49.440> going<00:00:49.520> to

realized straight away that's going to

realized straight away that's going to get<00:00:49.760> worse<00:00:50.000> forever.<00:00:50.719> And<00:00:50.879> that<00:00:51.039> that<00:00:51.280> was<00:00:51.440> how

get worse forever. And that that was how

get worse forever. And that that was how I<00:00:51.680> made<00:00:51.840> my<00:00:52.000> big<00:00:52.160> money.<00:00:52.480> Basically,<00:00:52.879> I

I made my big money. Basically, I

I made my big money. Basically, I realized<00:00:53.360> in<00:00:53.680> 2011<00:00:54.879> that<00:00:55.199> the<00:00:55.440> economy<00:00:56.160> for<00:00:56.480> at

realized in 2011 that the economy for at

realized in 2011 that the economy for at least<00:00:56.800> for<00:00:56.960> ordinary<00:00:57.440> people<00:00:57.920> would<00:00:58.239> get

least for ordinary people would get

least for ordinary people would get worse<00:00:58.879> forever.