Saw the video today of interview with Prof from Dartmouth – what a foolish set of responses. The man seems to have a political agenda. One will not get business growth until Governments get out of the way and allow people to innovate and do stuff without endless taxes and bureaucratic obstacles. The doing is being blocked.
asan executive of a multinational business linked to the raw materials industries I experience daily the destructive effects that the enormous amount of "hot money" – funds that are held by financial institutions, hedge funds, etc for purely short term gain on betting for or against certain currencies, raw materials, credit risks, etc. – has on the real economy. Price swings are getting bigger and faster and have little or no relation to the actual demand and supply situation. This uncertainty makes planning for new projects difficult and investing in inventory or new personnel risky.
The politicians need to tackle this issue quickly before a new bubble bursts and syphon off this excessive hot money. The money then should be used to repay public debt and get it to the actual consumer and small and medium sized companies to invest again and hire people.
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Wonderful write-up, I have book marked this web-site. How long do you spend writing your posts?
I was just chatting with my friend about this last week over lunch . Dont know how we got on the subject really, they brought it up. I do recall eating a wonderful steak salad with sunflower seeds on it. I digress
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Good Post. it was interesting to read this.
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