Comments on: Yellen: An economic tonic for the sluggish recovery http://blogs.reuters.com/great-debate/2013/09/18/yellen-an-economic-tonic-for-the-sluggish-recovery/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: 2Borknot2B http://blogs.reuters.com/great-debate/2013/09/18/yellen-an-economic-tonic-for-the-sluggish-recovery/#comment-76105 Thu, 19 Sep 2013 18:32:34 +0000 http://blogs.reuters.com/great-debate/?p=24150#comment-76105 Well said SubramanianV.

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By: SubramanianV http://blogs.reuters.com/great-debate/2013/09/18/yellen-an-economic-tonic-for-the-sluggish-recovery/#comment-76092 Thu, 19 Sep 2013 00:36:39 +0000 http://blogs.reuters.com/great-debate/?p=24150#comment-76092 It is NOT the manufacturers, traders and service-oriented companies which generate wealth, at least not as much wealth, as speculation in stocks, futures and such other instruments. Having become a major creator of wealth, though fictitious, as it is being supported by and as a part of established and trusted banking industry, it has grown to such an extent, it has become a major part of national economy. Like tail wagging the dog. Think of the economy before stock market usurped it and has started lording over it. The original wealth creators mentioned above and its employees are hardly profiting as much from their efforts as this usurper industry makes whether those wealth creators prosper or fail, day in and day out. You visualize, plan and give shape to an industry, nurture it during its infancy and take care of it through its thick and thin. Then speculators take over. The stock price moves up and down and these speculators make more money than anyone else toiling in the industries. True, an investor who risks his capital, should be rewarded with dividends. But even he gets rewarded once in a quarter in fraction of cents, whereas these speculators make millions daily on speculation so much so the person who set up the industry is asked sometime to quit not because he is unable to run the industry but because he is unable to generate enough money for the speculators. The camel asks its owner to get out! No amount of control will set things right. Banks should provide the capital and charge interest. Only those shareholders who actually own the shares at least for a certain period should be allowed to see and short sale should be prohibited. May be it was OK to have middle men to find investors in good old days. But in the modern era internet is enough to raise capital if a project is good and backed by trusted bankers. The wealth generated by industries should remain with it or shared between those who contributed to establish and run it; not by speculators. Let’s stop giving a good name to speculation and fleece innocent and uninformed citizens out of their hard-earned money. It will be better to allow casinos in every street corner as compared to stock market.

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