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Does anyone else worry that the Cities don't know what they're doing?
This is not so much the recent financial sector meltdown and the oncoming recession, but the bounce back in the current share prices {FTSE up to almost 4,500}. I understand that it's how the Traders make their money and that getting in early to a buoyant market can be very financially rewarding, but wouldn't a more stable market with a slowly improving trend indicate a better future. Rather than a few Wide Boys with Porsches taking a punt.
On a second point, is there anyway to better regulate the Money Markets for a sustainable future?
{edit} Angeline.
I understand that you can make money, in cases consistently, by gambling on shares and that compared to other means it tends to reward knowledge and intelligence.
My point was, for a sustainable economy, wouldn't a more stable and level headed change in the stock markets be more beneficial rather than leaping back on to the speeding train. Possibly causing it to crash again..
1 Answer
- Anonymous1 decade agoFavorite Answer
The Cities used to be Investors and Traders, now they are gamblers and yes it's worrying.