>
> Concerning the "take a look at the Fortune 500 companies" to see how
> sad it all is:
>
> Stock market indices like S&P or big corporations' well-being are no
> suitable indicator for the state of an economy. First, only 6% - 9% of
> stocks are actually traded and causing the movements that our
> superficial society and its "news" stare at, whereas the other 90%+ are
> kept for strategic reasons, by owner families and so on. Second, large
> corporations are unfortunately not always subject to normal market
> mechanisms, as we have seen many times in cases of big mergers or big
> bail-outs, e.g. for the American car industry or around the globe for
> the banks and investment funds in 2008. Third, corporations can do very
> well (if their annual report or stock is used as the indicator) and
> still not hire employees or build more factories in a particular
> country. Also, many of the theories that are still taught in economy
> and macroeconomics are either not understood or simplified by policy
> makers, if they are not outdated in a globalized world market anyway,
> that is.
>
> Playing around with bonds, options, futures, stock and other financial
> instruments, merely based on a technical analysis of the development of
> these instruments ("the incest of the financial markets"), instead of
> looking into the technologies and market developments, demography and
> other factors that affect the respective companies and their products
> in real life, is what causes speculative bubbles and their burst in the
> first place. As for the US, there are also the political mistakes of
> the past, (unbalanced budgets and debt in the trillions both private
> and public, shoveling of wealth towards the top, lack of infrastructure
> and sense of priorities, inferior education, lack to save and prepare
> for age/health/retirement, short term instead of long term orientation
> due to an obsession with instant gratification, etc.) that cause
> problems for new investors -- real investors who actually create
> something, not stock exchange jugglers -- and entrepreneurs.
>
> Nevertheless, those challenges can also mean an opportunity, depending
> on how the need for clean and renewable energy, care for the ill and
> elderly, etc. are addressed. There's a lot of jobs and money to be
> had/made if the right things are done right. Which course that is would
> lead to a political debate, but either way, if the situation is to
> become better, it is precisely the entrepreneurial spirit à la "no
> matter what the obstacle might be" that will be needed to throw the
> rudder around. New ideas, products and markets emerge every day, and
> although many who try will fail and get burned, not trying at all will
> burn many more and mean general failure. The market for private
> aircraft and the development in pilot numbers are what they are in part
> due to the mentality and sometimes stupidity of the small owners of
> small companies as well as their customers and regulators. If a new guy
> from the Ukraine, Czechia, China or wherever sees an opportunity and
> wants to give it a shot, being aware of the risks and taking them into
> consideration with due diligence, let's applaud his initiative, lend
> him a hand by answering his surveys or other questions and wish him the
> best.
>
> Many of the most admirable projects, companies, conquests, developments
> and achievements have been accomplished despite impossible odds. The
> day that nobody tries any more is the day when there's a reason to give
> up all hope, not the other way round. Let's cross our fingers that the
> day may never come and cheer up the guys who have the courage to keep
> going when the going gets tough.
>
> Good luck with the market research,
> KARSTEN
Yes... those were my thoughts exactly!
Cheers,
Mike
.
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