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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Haim R. Branisteanu who wrote (74216)1/1/2011 12:50:12 PM
From: Maurice Winn2 Recommendations   of 74559
 
Speculators in currencies are not amassing fortunes. They are equally losing fortunes. Speculation is a zero sum game with winners and losers. Speculators are the courageous people who provide a great public service by buying when others are selling and selling when others are buying, thereby taking the peaks and troughs off the graphs, giving everyone a smoother ride.

Speculators who get it wrong, go out of business and have to get jobs more suited to their talents.

Fiscal policies involve governments wasting more and more money. Of course the policy of spendthrift wastrelism doesn't generate productive workplaces. Until governments stop wasting opm, things will get worse.

Monetary policy can't make workplaces more productive either. Monetary policy is like weights and measures policy. Whether a kilogram is declared to be an ounce or a pound or 2.2 pounds doesn't affect the production of something. A dollar is just a unit of measure. If the monetary policy is to dilute and destroy the currency unit of measure, then that will mess up production plans.

All monetary managers can do is keep the money stable and steal only a little by dilution so that people don't abandon it as a measurement unit.

If you think speculation is highly profitable, you are allowed to do it too.

Producing gadgets is profitable in the USA. Look at Apple, Qualcomm and other American companies. Great profits. Producing the right gadget is important. Maybe you mean the actual assembly work which is done where pay rates are lower than the USA.

Mqurice
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