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osigurdson 3 days ago

If a few companies do this it is probably fine, but more interesting if most companies do this. It seems that it would be akin to a self inflicted depression with severe deflation.

toomuchtodo 3 days ago | parent [-]

From your lips to Blackrock's ears.

osigurdson 3 days ago | parent [-]

I'm sorry, I don't understand.

toomuchtodo 3 days ago | parent [-]

https://en.wikipedia.org/wiki/BlackRock

They are the world’s largest asset manager. So goes the economy, so goes the economic outcome of their clients.

osigurdson 3 days ago | parent [-]

Yes, of course familiar with BlackRock. People say they own everything, but they really just have ETFs. The biggest problem is the fact that they seem to have voting rights on the stocks that they purchase on behalf of their clients - it should not work like this.