^^ It’s the system we have to change. Stock-exchange based capitalism is bound to panic and instability.
The stock market adds tremendeous pressure on companies; to stay afloat, companies have to make money, they guy who worksthat’s capitalism and it makes sense.
But to stay afloat in the stock market, a company does not olny need to make proffit, but make more proffit than last trimester, but its proffit must grow according to the rate some predicted, and just an unprooved rumor can cause a panic and bring the whole company down, or even the whole economy.
That’s the extreme sports of capitalism. Corporations are at the mercy of the slightest panic. No wonder some lied to keep afloat.
But like any good casino, the stock market promises the average guy that he can get rich easily and that someday, it will be his turn.
SuperGriz about 14 years ago
This bird won’t fly… but it will be passed.
tomcib about 14 years ago
Crooked politicians trying to regulate crooked financiers. Double your IQ or no money back.
NoFearPup about 14 years ago
Here’s a quick idea: put Frank, Schumer, and Dodd behind bars or get out the Finance Sector at all.
WarBush about 14 years ago
Here’s a better idea: Go back to the New Deal Laws that regulated this sort of behavior!
CorosiveFrog Premium Member about 14 years ago
^^ It’s the system we have to change. Stock-exchange based capitalism is bound to panic and instability.
The stock market adds tremendeous pressure on companies; to stay afloat, companies have to make money, they guy who worksthat’s capitalism and it makes sense.
But to stay afloat in the stock market, a company does not olny need to make proffit, but make more proffit than last trimester, but its proffit must grow according to the rate some predicted, and just an unprooved rumor can cause a panic and bring the whole company down, or even the whole economy.
That’s the extreme sports of capitalism. Corporations are at the mercy of the slightest panic. No wonder some lied to keep afloat.
But like any good casino, the stock market promises the average guy that he can get rich easily and that someday, it will be his turn.