Opinion Piece:
Like
war what are the stock markets good for?
Lyrics:
What
is it good for?
Absolutely nothing, oh hoh, oh
War huh yeah
What is it good for?
Absolutely nothing, say it again y'all
Absolutely nothing, oh hoh, oh
War huh yeah
What is it good for?
Absolutely nothing, say it again y'all
https://www.youtube.com/watch?v=01-2pNCZiNk
A
system that permits, nay, even encourages, borrowing money to gamble
on a commodity of little or no real worth. A system that has little
real, positive economic or social benefit.
Some Chinese Are Taking 22% Margin Loans to Finance Stock Purchases
Ah,
maybe it's just those gambling obcessed Chinese folks.
No
wait!
NYSE Margin Debt Hits Record $451 Billion; Watch Out If Rate Drops
Margin
debt hit
a record $451 billion on the New York Stock Exchange in January,
as investors borrowed more money than ever to buy into the
post-financial-crisis bull market.
Paul
Hunter
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