Quote:The more I look at the stock market, the more of a "faith based" economy
They refer to stocks as an investment because the real term for what they are actually doing is less palatable. They are speculators. They trade one asset for another in the belief that one will increase in value and the other will fall.
Investment, as my old economics prof noted so many years ago, occurs when an actual company issues stock for the purpose of raising capital for the company.
Once it gets sold the first time the actual "investment" concept is pretty much over and we are into mere speculation.
And, as much as you'd like to separate things out it really does not work that way. These things are all intertwined.
