Tuesday, March 1, 2011

Whose stock market?

Thanks to Maxine for pointing out the following article on the irrelevance of the major stock markets:
Wall Street's Dead End (by Felix Salmon).

It explains why there are fewer IPOs these days, and why companies now prefer to be privately traded. Once again, the stuff we were taught in school about the virtues of capitalism are becoming more and more "inoperative."

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