“I watched an interesting movie.” — A column is currently published on Toyo Keizai ONLINE

Good morning, this is Matsushita.

After finishing dinner last night, work was also in its own lull,

I watched the documentary film

"Inside Job: The Unseen Truth About the Global Crisis"

A American film released in 2011,

which appears to have won the Best Documentary Feature at the 83rd Academy Awards

for its win.

The content was astonishing.

The title "Inside Job" seems to refer to insider crimes such as insider trading,

and to people in trusted positions,

the global recession stemming from Lehman Brothers' collapse was, it suggests,

man-made in nature.

The Lehman Shock that happened in September 2008

was triggered by the subprime loan issue in the previous year 2007,

which we are well aware of.

However, involved in subprime loans,

CDO (collateralized debt obligations) and

CDS (credit default swaps)

how they were created and traded

and so on, are things we have no way of knowing, and the market’s bubble-formation is

depicted in the film as having contributed to it.

If you take the film’s content as truth,

and you have some understanding of financial markets,

you can see how distorted this market was formed, and you’ll be scared.

However, as always,

the ignorant in the market do not understand the actual products they trade,

rely on others’ assessments and hearsay,

and end up trading financial instruments, ultimately

paying the price with all losses.

What was interesting as well is that the film depicted

U.S. government officials whom Japanese investors are familiar with,

as individuals far from our imaginations,

and you feel that the truth is hard to see.

Just now, President Trump is

talking about issuing an executive order to ease financial regulations,

a legacy of former President Obama,

but even Obama, the film suggests, did not strictly regulate the financial sector,

indicating that the regulations were lax.

If those lax regulations are further relaxed,

After watching this film, I thought, “I should study a little more.”

First, in English, I need to be able to read global information.

That’s something I must work on. (lol)

Setting aside the truth or falsehood of the content,

for those who will continue investing from now on,

I think it would be good to watch it at least once.

It’s enlightening.

It’s quite harsh, indeed.

It makes you keenly feel that “the ignorant will lose.”

As you take on risk in financial markets,

we cannot remain ignorant.

By the way, in this film,

George Soros also appears,

and his characteristic commentary hits again as always. (lol)