National houosehold net worth has finally reached its pre-recession levels, but not for people under 40. We are not creating nearly enough opportunity.
Notice that I did not say "jobs." We need opportunity, which is often, but not always, a job. It can also include such things as ample opportunity for businesses to sell their shares to the public, for example, which greatly increases the capital available for start-ups.
If only the SEC weren't dragging its feet on promulgating safe-harbor regulations for the new advertising-legal private-offering exemptions. If I were cynical I'd think the SEC is protecting the major brokerage houses from competition.
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