First the financial industry sank us into this present economic catastrophe. Then the Obama govt. virtually bailed out these Wall Street sharks with the tax-payers money. The economy is still stifled. And the industry is paying itself gigantic bonuses. Don’t be outraged. This is the modern, legal bank robbery. Why are you so surprised that the politicians and regulators allow their billionaire buddies to steal from the tax payers? If you are smart, you crash the economy and fleece the tax payers.
Some institutions use modern technology and super fast computers to get the jump on other investors – buying or selling stocks, at ‘nanoseconds’ before anyone else can even react. Profits are then made from real high frequency trading and record profit earnings are register. Investors lack access to those super fast computers. Then there is the speculation of information not available for the public at large. The privileged few indulge in high frequency speculation and the rest suffers. Why are you so upset?
Is there a social benefit to inexorable stock speculations?
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