Profiting From Loss

Profiting From Loss
A trader on the floor of the New York Stock Exchange moments after the crash in New York, on Oct. 13, 2008. While most people suffer from asset price crashes, bears profit in different ways. Spencer Platt/Getty Images
James H. Nolt
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No matter the state of the market or the world economy, some people are making money and others are losing. Not everybody wins at the same time and neither does everybody lose at the same time.

Certainly, it is more reassuring to imagine that “we are all in this together” or “everybody is in the same boat,” but it is not true. This is why we have a federal system with checks and balances to prevent any one party from dominating every branch of government at every level.

James H. Nolt
James H. Nolt
Author
James H. Nolt is a Senior Fellow at the World Policy Institute and author of "International Political Economy."
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