Maybe, instead of letting all of the useless hot air
generated in Senate hearings on the evils of speculation
with regard to record high energy prices, it should be
harnessed to power Washington DC. This would be real
action that could actually drive down prices, whereas
pointing fat fingers at speculators only makes headlines
and does nothing to address the real [...]
CHINA’S BUBBLE TROUBLE
Look out below! It seemed as if the sky was falling
for China’s new breed of stock market investors last
week. The Shanghai Composite Index, similar in
importance to Chinese market speculators as its
cousin, the New York Stock Exchange is to gamblers
(or if you prefer, shareholders) in America, lost nearly 9
percent last Tuesday.
The [...]
After the internet-led technology bust of 2001-2002, a new, sober
approach to investing, corporate cash management, and risk-taking
began to take hold. During the dark and scary implosion that marked
the dawning of the new millennium, legions of newly-minted day
traders watched in horror as their dotcom portfolios plummeted,
and established tech giants like Sun Microsystems- the dot [...]