For them it means that Apple is charging too much for the newest Ipad or Iphone.. Or, whatever their handlers from the Politburo tells them.
Wall St. has a management problem. 1. Corporate governance: in large corporations the board of directors is nominated and controlled by the management rather than the shareholders.
In this case, corporate greed is managers usurping the privileges of ownership. Excessive executive pay reduces the cash available to pay dividends or invest in corporate growth. 2.
The OWS movement is a reaction to massive fraud committed in the investment banking sector and the implicit government policy of not enforcing laws on the books. One egregious example is Goldman Sachs packaging bad mortgages into securities, selling the securities to clients, and then shorting the mortgage backed securities in the knowledge that they were designed to fail. Normally, this type of fraud leads to prosecution and incarceration, except if the criminal is deemed "systemically important" and "too big to fail".
The public is justifiably losing confidence in the integrity of public markets and that is not good for the value of your stocks. 3. The OWS movement senses that banking sector is too large, but have not effectively articulated that macro economic problem.
Banks are a service industry that redistributes wealth created by industry. In a healthy economy, financial services are 4% of GDP. During the Great Depression and at present, banks are 10% of GDP.
There are too few people creating wealth by making widgets and too many people charging rent on the widget makers. I think part of the OWS protest is over the miss-allocation of resources. An imbalance favoring banking over wealth creation reduces the value of all stocks over the long run.
How much has the DOW gained over the last 5 years in either dollar terms or relative to commodities like gold? My perspective is as CEO of a small industrial corporation. I have a large stake in the company I run and take rewards as an owner rather than as a manager.
I face very different standards for integrity and accountability to my shareholders than Wall St. bankers. I am not wealthy enough to buy either new law or immunity from the law.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.