Where did half our nation’s public companies go?
If you’ve got a hankering to invest your life savings, it might look as if you have plenty of options, some good and some unnerving.
There are stocks, bonds, real estate, gold, and even some cryptocurrency markets that concern regulators.
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But the number of publicly traded companies has dropped by half since the mid 1990s.
The decline concerns Jay Clayton, the chairman of the U.S. Securities and Exchange Commission”.
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We know where they went – they were invaded and taken over by India Inc staffing companies, looted, and destroyed. Sun Microsystems, PeopleSoft in 2002, and the big Wall St. companies destroyed by outsourcing to India Incs in 2008 are also on the list: Lehman, Bear Sterns. More would have gone under if not bailed out by US taxpayers.
1998 was the year America began importing millions of foreign workers from India on H-1B visas to replace Americans in their jobs.
Until the India Incs’ reigh of terror on America is stopped, more great US companies will disappear.