John, something I've been thinking about for a while. There's just too much money sloshing around. Back in the mid 90's I was working a trade show in St. Louis selling Barenbrug seed to Deer hunters. There was a guy who came through that was the head(or really involved in) Quails unlimited in Missouri. His Dad had owned a seat on the New York Stock Exchange. He bought his dads seat. Now this guy at the time was in his mid 30's. He was an early investor in .com companies. He'd buy in, double or triple his money in a couple days, and sell out. In a span of a few years he'd managed to make 135 million dollars. Doing what? Supporting what? Within a few years the whole thing collapsed and regular investors lost tons of money. There's too much "capital" seeking returns, that actually doesn't provide a functional service or even a value. They're basically sucking money OUT of the economy. And this is shown by the graphic shift in Net Worth upwards to the 1%. |