Ragman wrote:no can do. Fast forwarding.
Well said, WS traders (and petrol industry) make money coming and going!
they are the definition of leaches. It is claimed that all of this buying and selling leads to a rational investment of resources, but in reality they mostly skim of the top of the economy. Who can look at the Internet bubble, the telecom bubble, the real estate bubble, executive pay, yadda yadda yadda and claim that our economy makes rational choices on investment?? The myth of free market action (including the employment market) does not match reality in America, and has not for a long time
Wall street traders are no better that the old style mob skimming off casino revenue. Traders make their money no matter who wins or loses in the economic struggle. They add almost nothing to our societal best interests, yet they take a huge amount of wealth as compensation for the games that they play.