Analyst tells bankers to end cocaine habit

In a speech given last week to 600 bankers at the Luxembourg Financial Forum, Dutch trend watcher Adjiedj Bakas told the bankers: “Now you should end your coke habit.”

In an interview with de Volkskrant, Bakas talks about researching for his book 'Beyond the Crisis' and explains his statement.

People who worked on Wall Street spoke of a hectic lifestyle.

“More profit, and more, and more. That drove people to use cocaine. One of the biggest drawbacks of cocaine is that people suddenly take enormous risks…The traders kept on playing the pyramid game while they knew that it would crash.”

Bakas said: “It is indeed the first time that someone has told a room full of bankers to do something about their coke habit. However, people have been whispering about it for a long time.”

Oh sure, blame cocaine for the economic crash.