8/16/11

Markets don't predict a damned thing

Stock Crash Erased, Yet Where Is the Optimism? - The Daily Beast: "Stock surges erased last week’s crash, yet Americans remain in a funk. Zachary Karabell on why bad news trumps good—and the computers running the markets don’t care about either."

They are full of sound and fury signifying nothing but a whole lot of trading being done by relatively few. We would do well to think this through and devise a more reasonable system of dealing with reality (our money) in a cauldron we can neither understand or control. My own line of inquiry is to see whether universal commitment to circulating money would not accelerate growth enough to enable a percentage based return to all that would automatically up the levels at the bottom. Probably too reasonable, right?

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