Quote:
Originally Posted by Pete F.
You think you can create a product and a resulting job if you have no market?
Where is consumer debt today? Is it at historic levels?
You could read this also but you have to click the link to do so.
Otherwise you cherrypick the things you disagree with and don't look further
http://necsi.edu/research/economics/econuniversal |
"It's in the stock market"
First you said their wealth is "not invested", then you say it's "in the stock market". Can't be both.
"The Stock market does not create jobs"
That is idiotic, of course it helps create jobs. Many, many companies go public, specifically to raise money to grow. Growth usually adds jobs.
"if it did and went up X% we would have that many more jobs. Show me when that has occurred. "
Not every cent goes to hiring more employees. But it's where companies raise a lot of money to grow.
"You think you can create a product and a resulting job if you have no market?"
Do you hear voices in your head or something? When did I ever say you could sell a product with no market for it? But in addition to having demand for the product, you need money to start the business first.
"Where is consumer debt today? Is it at historic levels?"
probably. And much of that is voluntary (often stupid) choices made by people who insist of living beyond their means. That's not the economy's fault, that's the fault of our culture, where we feel the need to have as much stuff as everybody else has. We all have the ability to reject that notion.