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Pastimes : Thread Morons -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (7669)	4/25/1999 5:14:00 PM
From: Henry Volquardsen	Read Replies (7) \| Respond to of 12810

It's an evolutionary device. Instead of shooting slow investors we just let them trade the BBs. Eventually the herd will be thinned.

To: John Sladek who wrote (7669)	4/25/1999 5:25:00 PM
From: Bill Ulrich	Respond to of 12810

If one thought about it long enough, from a macroeconomic standpoint, it could be argued that the OTC:BB accomplishes the exact opposite of the bigger markets—the free flow of investment funds; capital liquidity to facilitate economic growth in the business sector. OTC:BB money only pretends to finance business expansion; the increase of employees and payrolls, capital expenditure, and the like. Instead, much of the money goes to the few individuals involved in the scam, some of it going off-shore, other parts of it "hidden" from taxation. So really, a certain portion of the money supply is leaked out of the economy via this "market", and monetary policy maybe should consider dismantling the sordid penny stock swamp. But do I want to spend my time thinking about this on a beautiful Marin Sunday? Nah—I've got to re-index my audio tape collection of "Famous Yiddish Sports Aphorisms".