5/22/2006

05-22-06 - 1

05-22-06

I haven't ever really seen it discussed, but financial traders must drive up the price of goods. There's some product, and the market buys it eventually. If that was just sold from the producer to the consumer in a competetive market, the price would be minimized. Instead, the producer is a public company. It has a stock that pays dividends and makes profit for shareholders. It's goods are perhaps traded in a futures/commodities market, or through a trader like Enron. All of these traders are making big profits. Where is that money coming from? In the end it must be coming from the consumer, by driving up prices. The idea that financial markets and trading is good for the consumer must be nonsense.

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old rants