This article goes in depth on the changes in our economy which is dividing finance from the real economy. This echoes something I have always thought ….. that high frequency trading serves no purpose, that valuable businesses like Red Lobster and Toys R Us were devastated because of hedge funds. It makes a pretty good case but I wonder if others have different opinions
Ok_Match9012 on
The author Kevin Phillips wrote several books regarding this phenomenon. I can’t say that I’m educated enough to have an opinion if it’s occurring but, I can understand why the reliance on the FIRE industry and a decline in innovation could occur.
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This article goes in depth on the changes in our economy which is dividing finance from the real economy. This echoes something I have always thought ….. that high frequency trading serves no purpose, that valuable businesses like Red Lobster and Toys R Us were devastated because of hedge funds. It makes a pretty good case but I wonder if others have different opinions
The author Kevin Phillips wrote several books regarding this phenomenon. I can’t say that I’m educated enough to have an opinion if it’s occurring but, I can understand why the reliance on the FIRE industry and a decline in innovation could occur.