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Art Cashin: "Politics Starting To Seep Into Market"
It really is incredible to me how most of the financial services community believes that how money is allocated in an economy via financial markets is apolitical or should be apolitical in their warped version of an ideal world. In sum, they believe somehow if you let companies squeeze as much profits as possible out of labor and consumers and the tax base for the nation everybody benefits when in reality just a handful of executives and shareholders--and sometimes not even the shareholders just the executives benefit. How that money is made, who makes it and who gets to keep it means jobs and livelihoods, roads, bridges, safe or unsafe products, a government that is well or poorly financed. It is immensely political. And just "letting the markets do their thing" really is a political statement. It's saying you support the idea of extracting as much wealth as possible from the many to go into the hands of the few and assume somehow that will benefit society as a whole.
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