This is one of those posts where I’m really nit-picky about commentary that typically comes from people on “my side.” Not trying to tear people down, just trying to raise the bar on precision of language. An excerpt:
[A] booming stock market doesn’t actually mean that there is an accumulation ofactual money in Manhattan. For one thing, stock prices are set on the margin. If XYZ stock has 1 million outstanding shares and is originally trading at $100, and Smith comes along and spends $120,000 buying 1,000 shares of XYZ from a previous owner, then the price of XYZ just jumped 20%, causing the total “market cap” to jump by $20 million. It’s not as if $20 million in currency just “went into” XYZ. No, it was the transfer of a mere $120,000 that did the trick, and even there, the $120,000 in actual money isn’t going to now be “in” the company XYZ, or even in the possession of the previous owner of the stock (for very long).