4 ms·
> It's the stock market mindset applied to every single assert class. This is an excellent phrase to describe this phenomenon (and probably many others).
by mbillie1 13y ago
> It's the stock market mindset applied to every single assert class.
This is an excellent phrase to describe this phenomenon (and probably many others).
- VLM 13y ago"bad money always drives out good money" is another interesting phrase.
- patrickk 13y agoWall Street also bets on other basic commodities like food and oil, which drive up their prices. If two parties want to sell each other stocks bonds (asset classes likely purchased by deep pocketed, sophisticated investors), and the asset blows up, fine. Both parties can afford to take the hit. But where those assets are basic essentials, it's just downright slimy. Oil: http://www.nakedcapitalism.com/2012/05/les-leopold-how-wall-street-drives-up-gas-prices.html http://www.nakedcapitalism.com/2012/05/les-leopold-how-wall-... Food: http://www.theguardian.com/commentisfree/2013/may/23/goldman-sachs-agm-drive-food-prices-up http://www.theguardian.com/commentisfree/2013/may/23/goldman...