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Without those kids on Wall Street there would be far less kids on startup street. Limited liquidity (no IPOs, no financing of takeovers), no high-risk investmen
by ig1 17y ago
Without those kids on Wall Street there would be far less kids on startup street. Limited liquidity (no IPOs, no financing of takeovers), no high-risk investment funds, high FX spreads killing international customer and supply chains, etc.
- tybris 17y agoThe IT industry is not very representative. Most of the economy is in rather quiet industries like construction, manufacturing, retail, refining, etc., where it usually takes about 100 years to get noticed.
- ig1 17y agoIt doesn't matter, most firms of any signicant size require financing sooner or later, and generally that tends to come from wall street one way or the other. Go down to your local franchised fast-food shop. Chances are the kitchen equipments been leased from the franchise and financed by a finance lease from an investment bank. The impact of risk-tolerant financing on the economy is huge, it's pretty much everywhere when you scratch under the surface. The same applies for FX spreads. If you're importing or exporting any goods (pretty much everyone these days) then you're benefiting from the tighter spreads created by investment banks that are market making.