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RE: Need Only 17 Steem to reach 1000 SP | #Club5050 #Club75
The fed feeds printed QE to Blackrock to buy into the market to keep the asset prices higher in order to keep consumer confidence higher and delay recessions. Blackrock holds those assets on behalf of the fed and gets a fee (2%) on every dollar handled. The fed staff and chairman are picked and recommended by companies like Blackrock and Vanguard. These companies are not owned or controlled by the fed besides the assets under management. They certainly are influenced by the fed as much as they influence the fed. I don't really have a clue but these two companies are privately held corporations.
Thanks for clearing confusion😇
Hi. Greetings @greenman
The research document for the last week was "Common Ownership and Competition in the Ready-To-Eat Cereal Industry" published by Matthew Backus, Christopher Conlon, and Michael Sinkinson on the year January 11, 2021.
Here is the source link of the document:
https://chrisconlon.github.io/site/bcs_cereal.pdf
This document's google drive folder link:
https://drive.google.com/drive/folders/15BwFoG5-s_3INHQnYdupgHWR7J1pYBKL?usp=sharing
And our google drives all documents folder:
https://drive.google.com/drive/u/0/folders/1sk4kfCca9MsKIx-JYTUHzLVBCwrY__x_
This document is a bit larger than the previous documents and contains higher mathematical calculations and derivatives of the common ownership hypothesis. It also shows the potential magnitude of common ownership whose effects would be large, this test finds that standard own-firm profit maximization is more consistent with the data.
The hypothesis says that firms are increasingly owned by overlapping shareholders, and the best way to maximize the value of shareholders’ entire portfolios might be for firms to unilaterally relax competition in product markets.
The document contains and shows how to evaluate the common ownership hypothesis in a conduct testing approach, but our framework is quite general and it can be used to test other models or hypotheses that predict equilibrium markups.