STOCKMARKETS, SCHMOCKMARKETS (September 22, 2012)

I dreamt about the ailing stockmarkets. I tried to figure out how they could be made to work better. Predictably, I did not go far in my dream. The first thing that I concluded was that only a few big players who cheated would be enough to spoil the whole game. And it was nigh impossible to stop them. The second thing that I concluded was that there were too many financial products today for most investors to figure out how they relate to the real economy. Stocks, bonds, options, futures… A thick cloud of these products occluded the economy on the ground, which worked in favor of the few big players who cheated systematically. When I woke up, I was kind of disappointed with my dream. It struck me as pretty clever while I was asleep, but there was nothing to it in actual fact. Annoyed with myself, I tried to fall asleep again, but without any success. Stockmarkets, schmockmarkets.