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If markets can’t be trusted to invest wisely, governments should step in | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

The financial world needs to stop playing the game of stock markets and get serious about how it invests money. Market players who engage in a constant game of “chips in, chips out and chips in again” are not the kind of people we need to be exercising stewardship of our financial resources. Consider what happened in the last week of July. Even as the United States acknowledged a technical recession and the International Monetary Fund warned of “gloomy” prospects for the world economy, global equities were “staging a comeback”, according to the Financial Times . Some investors began piling…

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