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The Impact: Single-handedly raised the price you pay for gasoline in a drunken bout of trading. Getty There's a fridge full of booze behind every great financial disaster. What's the most damage you've ever done while drunk? Maybe ruined a party? Or woke up in a ditch three states away? Or got arrested?
Or sent shock waves through the worldwide petroleum market that raised the price of fuel for millions if not billions of people? If you did that last one, your name is probably Steve Perkins. Getty Above: Perkins, his features and preferred brand obscured to protect the exceedingly guilty. The 34-year-old Perkins was an oil trader who got to spend a weekend on a fully funded golfing retreat, paid for by his employer, PVM Oil Futures.
So there he was, drinking and schmoozing to his heart's content. But then the weekend ended. Perkins, however, chose to extend his bender with additional alcohol, starting his binge midday Monday and continuing. Oh, he didn't call in sick to work -- he went right back to trading, drunk off his ass. Getty 'You're a cute-lookin' little oil future. Let's do it.'
At the peak of his trading/drinking binge, oil prices fluctuated upward by more than $1.50 per barrel in less than 30 minutes, something that. Getty Or a truly exceptional martini.
In the end justice was not even close to being served, and Perkins was fined 72,000 pounds in damages and banned from participating in any regulated market activity. People have lost their license for longer for getting drunk and crashing their car. Perkins did the same with the global economy, though we guess he probably indirectly prevented people from driving drunk, or at all.
Most of you probably don't gamble, or at least don't gamble a lot, for fear of losing your rent money on a single bad hand or blown point spread. But imagine somebody came up with a simple formula that took the guesswork out of it. You could punch the information into a calculator and it would tell you your risks with any given hand or sports team. It guarantees that over the long run, you'll come out ahead. Think about how it would streamline gambling -- hell, you could create a computer program to play blackjack for you.
Free Garena Hack Shells Downloads Free. Think about how many more people would gamble if this existed -- it'd make gambling a reliable, safe way to make some extra cash. All the risk would be gone.
Mio Maps 2013 Greece Free Download. Everybody would do it. Getty 'Keep dealing 'til I have yacht money.' So now imagine that this goes on for five years, everybody winning, all the time.