Economic speculation is, currently, hurting our economy. Companies, Wall Street, etc using economic speculation to determine how the economy is doing, consumer spending, etc.
This is one of the reasons why the economy went bad. Companies like AIG used speculation and almost went bankrupt and we had to bail them out.
One of the dangers to economic speculation is that the consumer pays more for an item or service because an economic analyst tells a company that the economy is getting better.
Millions of people are out of work but Wall Street is trading at over 11,000+ points. The Wall Street people claim that the economy is getting better and this is because their using speculation. They claim that because Wall Street is doing good that America is doing good which is wrong.
This type of speculation needs to end.
- U.S. House of Representatives
- U.S. Senate
- President of the United States
I am writing to you because we must end what is known as Economic speculation .
People are spending more for items/services because companies use economic analysts to determine how the economy is doing. Unfortuntely, these analysts can manipulate the numbers to make it seem like the economy is getting better.
Wall Street is trading at 11,000+ points and the analysts on Wall Street claim the economy is getting better. How can the economy be getting better when millions of people are out of work, homes are being foreclosed, etc.
Economic speculation must end, it's hurting people. People are paying more for gas, food, etc because of Economic analysts and this practice must end.
Eugene Esterly III started this petition with a single signature, and now has 38 supporters. Start a petition today to change something you care about.