This headline is in an FT newsletter this afternoon:
What is the message? It is that what the FT and Goldman Sachs describe as the private capital industry, and which we might describe as stock exchanges and the companies quoted on them, are very happy that Iran has distracted attention from the fact that private companies are currently heavily overvalued because of over-reliance on the excessive evaluation of AI companies.
Never doubt the callousness of private sector markets in pursuit of irrational profits.
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Could the economic system work with out the stock exchanges and the market?
Yes
Can the work economic system work with out the private sector markets.
?
See perevious answer
Can the economic system work without the privet sector markets.
How? We need pivate exchange. We need small business. BR sandwiches were truly terrible. This does not mean we need financial capitalism.
I’m struggling to understand. Is this something to do with “hedge funds”?
No
This comment refers to stock markets
Oh, I don’t doubt it at all!