Post
Topic
Board Economics
Re: Musk is doing the right thing.
by
soy39
on 10/08/2018, 20:01:41 UTC
Sorry I can't put my finger on it but an article on Mr. Musk's thoughts of going private was clearly to avoid the detractors driving down the stock value and diverting his attention from getting things done. 

Okay so the stock is traded in NY not in Chicago where futures contracts are made.  Detractors' power is what makes futures contracts so powerful.  In the '70's college economic class, local nights not a top notch tower of higher learning, we were told of crop futures contracts trading on the Chicago Mercantile and that it was about protecting from crop losses due to acts of God. 

JFK was the first television elected president.  That changed politics.  Television in large part then on informed our, the country's, decisions.  Futures contracts were expanded to other matters including currency.  Why?  What the people learned from TV could be controlled.  Those who then controlled TV were now the gods of our time.  And futures contracts profited from and danced to the tune of the gods of our time.

Going private would mean what?  He's offered to buy out those holding stock and I suppose those who wanted could keep what they have.  By avoiding detractors I'd guess that numbers would be out of public view and the stock no longer traded in NY? 

I understand profits aren't great from the manufacture of the car but I look at Mr. Musk's accomplishments and believe he's well worth supporting as well as his workplace philosophy.

Please correct me if I'm wrong.

soy39 (soy)