Should We Even Have A Stock Market Anymore?
When the vast majority of the companies simply exist because they are being extended credit or their customers are being extended credit, not because of underlying productivity.....why should we permit the masses to stick their entire life savings into an environment that has essentially become not much more than a casino?
Once you factor high frequency trading, paid off pension managers, and corrupt ratings agencies.....the odds at a casino are probably a lot better....especially of you follow Donner's recent advice on the subject.
The problem now is our entire economy has essentially become a casino because the market is really the only game in town as no longer can returns be made in productive activities like real estate, operating most businesses, or farming.
Atlas Shrugged anyone?
The market has effectively destroyed the productivity in America by rewarding the non productive and destroying the productive......
Too bad Motley Fool and the English Majors sold out and no longer provide that cutting edge analysis we were used to.......but maybe they can find their way back on the path again.......
Don't Fret....in the Digital Age......things will be a lot better.
Already we are ramping up nuclear technology to replace carbon emitting energy driven vehicles, buildings, and businesses.