[lbo-talk] Delong puts the smackdown on ol' Whiskers

Doug Henwood dhenwood at panix.com
Wed Apr 6 11:47:20 PDT 2005


Michael Dawson wrote:


>If that were true, why don't we have deflation?

Chinese demand for commodities plus Alan Greenspan's (former) rock-bottom interest rate policy.


>And wouldn't SUV pricing be a pretty major example of corporate price
>gouging? SUVs are pick-ups with hugely marked-up gimmicks atop, right? The
>8 or 10 firms that sell them certainly conspire to leave this balloon
>unpopped, don't they?

Conspire how? If they were gouging, why is GM on the verge of becoming a junk credit?

Doug



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