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I decided to look up FDR and he was elected in 1932. The stock market crash was in 1929 so I know you're not blaming him for the great depression. (The great depression officially ran from April of 29 to March of 33) Fun fact about FDR. He was elected President 4 times. He is the reason we have a 2 term limit on the Presidency now. He also tried to implement universal healthcare.
It's generally accepted that FDR prolonged the depression, as well as the suffering experienced by the American people.
So what do college students have to do with that? Seems more than half want to pillage corporations and redistribute that wealth as they see fit.
The part that went for Finance, STEM, Supply Chain Mgmt, are keeping our industries not just running, but thriving. The wealth belongs to the equity stakeholders. All others get salaries, hourly wages, and incentive pay.
Most who make things with their hands and machines are clueless at how to successfully run a business. I'm not talking a tin business run from their basement machining parts, but rather running a corp with hundreds of millions to billions in revenue is beyond their comprehension as to understand what it takes.
The part that went for Finance, STEM, Supply Chain Mgmt, are keeping our industries not just running, but thriving. The wealth belongs to the equity stakeholders. All others get salaries, hourly wages, and incentive pay.
Most who make things with their hands and machines are clueless at how to successfully run a business. I'm not talking a tin business run from their basement machining parts, but rather running a corp with hundreds of millions to billions in revenue is beyond their comprehension as to understand what it takes.
Sorry Bob, but 75% (at least) of our economy is powered by small businesses, the real engine of growth on which the corporations largely depend upon. The strength and weakness of the consumer class also greatly influences the economy.
One thing to note is how dependent our economy is on debt to sustain it's growth. That is not exactly healthy. The stock market growth has also largely been driven by corporate buybacks. In many cases, they are just borrowing money and using it to buy their own stock, and watching the money grow. It is not rocket science Bob, especially in today's environment of ultra low interest rates.
The real test of corporate leadership is just now beginning. The waters are a bit more choppy since Trump has shaken things up a bit. I love excitement, so I am not complaining, but running a business is no easier than it ever was... Unless you're a corp that can just borrow money and buy your own stock, but even that strategy may not be so effective going forward.
Sorry Bob, but 75% (at least) of our economy is powered by small businesses, the real engine of growth on which the corporations largely depend upon. .
Large corp demand drives them. I live near Sikorsky Aircraft. Over many decades, when their revenue dropped, it crusheed many small businesses that serve them. Not the other way around.
The growth is fueled by demand for large corporation's products. Small businesses often feed off of that.
We are thriving economically as the DJ is thriving. DJ has ZERO small businesses listed on it.
The F1000 is thriving. Again, nation's 1000 largest publicly traded corps.
Small shops will do well, when the big corps thrive and need stuff from small shops.
Large corp demand drives them. I live near Sikorsky Aircraft. Over many decades, when their revenue dropped, it crusheed many small businesses that serve them. Not the other way around.
The growth is fueled by demand for large corporation's products. Small businesses often feed off of that.
We are thriving economically as the DJ is thriving. DJ has ZERO small businesses listed on it.
The F1000 is thriving. Again, nation's 1000 largest publicly traded corps.
Small shops will do well, when the big corps thrive and need stuff from small shops.
I think this belongs in another thread. I will say, we've have 8 years of corporate pandering from Obama. Then we got Trump, someone who was elected because all was not well in America. I don't think more pandering to the needs of the corporations are going to fix what is broken.
So I ran a google search for: Only a small fraction of trade on capital markets is speculative.
It even already has a name. Tobin Tax in reference to the Forex. This is nothing new and it's already in place in other markets. Are you saying currency markets aren't speculative? The link below states that they are.
If it doesn't show up because it's a Google search it from:
The Statistical Mechanics of Financial Markets
By Johannes Voit
page 163
Oh, you had to look it up on Google. Oh, you had read it in a book. That's cute!
Quod erat demonstrandum.
Try living it in the front lines with decades of experience.
Wait, you are on welfare and you have enough savings that you don't need help.
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