[quote=flu][quote=ucodegen][quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]
These days, wall street doesn’t invest, it speculates. It might be better if wall street left main street to the individual investors – your dividends might get juicier because the share price wouldn’t be priced so tight against yield.[/quote]
Not completely true. For example, plenty of investment capital chasing startups and new tech, and yes jobs…So long as the economy is in a growth mindset. That, however, would change, if folks get their wish and the system collapses. [/quote]
I have to put ‘not completely true’ on your ‘not completely true’. Wall street has not been the sole financier of startups. The big problem with the current venture capital is that a very quick to market and profit is demanded, to the point that the originators of the idea lose the control of the very thing they invented/created – effectively coining the term vulture capital. When the newly minted company is put on the market/offers common shares – it is so completely ‘priced to perfection’, that the common shareholder will not see any gains for a long time if ever, and take upon themselves considerable risk – to the profit of the vultures exiting the company.
Some attempts to get around the vultures have been tried, including trying to end-run firms that initiate public offerings (for a considerable amount of profit to themselves) – yet another slice away from the creators of the company.
Remember that the original exchanges consisted of more than NASDAQ and NYSE – ever remember the Pacific Stock Exchange? American Stock Exchange? Owning stock was not completely a wall street idea, however wall street has taken actions to try to possess, control, or be the intermediary to tax (transaction fees) all such transactions. Remember how wall street fought having prices go to smaller fractions instead of 1/8ths or 1/4s?
As for your comments about the ‘alt-right’ – really flu. Those statements are for one, uncalled for considering my statements and are non-sequitur to the statements I made, they are also inflammatory because they are using ad hominem attack logic and are a clear example of how and why the current discourse had degraded to name calling instead of dealing with the facts — ‘alt-right’ — really?
