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August 2, 2017 | Temporarily Goosing Share Prices is Bad for Everything Else

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

A simple fix to refocus energy on business building that grows prosperity and solves global problems rather than on short term accounting gimmicks that drive up share prices temporarily:  change the law back to pre-1982 ban on share buybacks as illegal market manipulation.  Because it is manipulation and it is costing us all greatly in deflecting attention, talent and resources away from everything else that matters.

A conversation on the global economy and the future of capitalism with Jeremy Grantham, chief investment strategist at GMO. Here is a direct video link.

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August 2nd, 2017

Posted In: Dollar

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