Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skeeter Bug who wrote (68013)	9/22/1999 11:42:00 AM
From: Freedom Fighter	Read Replies (1) of 132070

Skeet, >>my issue is that ceo's are making massive compensation due to massive and reckless credit creation that their skill didn't impact at all. earnings grow 15% while stocks appreciate 50%. too much money is the root cause and these ceos don't print money... most of the time ;-)<< I think this observation in combination with others says a lot about the monetary policy and overall attitude of the 90s. Government budgets have become more dependent on the bull market for capital gains taxes. CEOs and other high level managers are raking in millions of dollars in stock option compensation due to the bull market. Wall St. and banking profits are in large part dependent on commissions, deals, IPOs, underwriting, trading profits, and management fees tied to market cap and the bull market. The public is rooting for the bull market to continue. The financial media and its advertising revenues are tied to the bull market. It's really tough to find a vested interest or political influence that wants money to be sound, credit to be tight, accounting standards to be honest, economic stats to be unbiased, and economic policy to be viewed from a long term perspective. Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next