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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (259782)	7/10/2010 1:03:44 PM
From: bentway	Read Replies (1) \| Respond to of 306849

The supposed "reason" for the markets were that they gave companies a place to raise capital, a way of rating the "value" of companies one against the other, and a place where investors could participate monetarily in the unstoppable ascent of the corporations. Thanks to the IB casino boys and their pet quants, ALL of this is out the window. What ARE the markets for anymore? Not any of that quaint old fashioned stuff. Time to close them down, chart a new path that once again BENEFITS society. Bring back old fashioned, boring, long term value investing.

To: Perspective who wrote (259782)	7/10/2010 2:36:38 PM
From: Smiling Bob	Respond to of 306849

The ultimate in downsizing and maximum productivity la máquina VS la máquina You might wonder what's taking the greedy bastards so long These are the one who prize "efficiencies" made in corporations. Why are they not striving for this amongst themselves? Message 26664885 This was a fantastic prose someone linked here the other day joebageant.com Pointed out something similar in this excerpt: In heaven, there are no jobs The following may be old news to some who studied economics in college. However, I did not. And, for me at least, this gets at the heart of our dilemma (if dilemma is the right word for economic, environmental and species collapse). Here goes: The human economy is made up of three parts: nature, work and money. But since nobody would pay people like Allen Greenspan or Milton Friedman millions of dollars if they talked just like the rest of us, economists and academics refer to these three parts as the primary, secondary and tertiary economies. Of these, nature -- the world's ecosystems and natural capital -- is by far the most important. It comprises about three quarters of the total value of economic activity (Richard Costanza et al. 1997). To western world economists, nature -- when it is even give nature a thought -- is considered to be limitless. The second part, work, is the labor required to produce goods and services from natural resources. Work creates real value through efficient use of both human and natural resource energy. A potato is just a potato until people sweating over belt lines and giant fryers turn it into Tater Tots. The third economy, the tertiary economy, is the production and exchange of money. This includes anything that can be exchanged for money, whether it is gold, or mortgages bundled as securities, or derivatives. In short, any paperwork device that can be rigged up in such a fashion that money will stick to it. Feel free to take a wild-assed guess which of the three economies causes the most grief in this world. To an economist, work -- the stuff that eats up at least a third of our earthly lives, is merely a "factor" called labor. Work is considered an unfortunate cost in creating added value. Added value, along with nature's resources, is the basis for all real world profits. Without labor, the money economy could not gin up on-paper wealth in its virtual economy. Somewhere, somebody's gotta do some real-world work, before bankers and investment brokers can go into their offices and pretend to work at "creating and managing wealth." Paying the workers in society to produce real wealth costs money. Capitalists hate any sort of cost. It represents money that has somehow escaped their coffers. So when any behemoth corporation hands out thousands of pink slips on a Friday, Wall Street cheers and "the market" goes up