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Bloomberg Businessweek Weekend - October 22nd, 2022

Bloomberg Businessweek

Is the Financialization of the Economy a Biggest Obstacle?

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It's just a whole different game on Wall Street versus years ago, decades ago when it really was reflective of what was going on in the economy. Well, there was certainly more information coming from the direct economy through companies that were involved in creating different components of the economy and being more directly related to individuals. Now of course we have much more technology, much more analysis. We also have far more leverage. And so we combine the technological leverage with the financial leverage.We have this complete disconnect between money going into the economy and sticking around and being used for longer term capital investments and creation.

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