Economic speculation is hurting the economy and needs to be stopped
This petition had 38 supporters
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.
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