[lbo-talk] WSJ assumes "capital strike"

[C. G. Estabrook]

Uh, why is it hard to get a loan?  Perhaps because those who own or control 
money to lend aren't in a mood to lend it?  And why would that be? "You can't 
use my money until you make it more worth my while (which my friends in this 
administration or the next are about to do ... one way or another...)"?

"There's no political content to it at all." Nothing happening here, folks. 
Move along.  --CGE

Doug Henwood wrote:
> 
> On Nov 12, 2008, at 8:38 PM, C. G. Estabrook wrote:
> 
>> From today's WSJ: "With the global economy in recession, and investors 
>> staging a capital strike..."
> 
> A silly turn of phrase. Investors aren't investing because the economy 
> stinks and it's hard to get a loan. There's no political content to it 
> at all.
> 
> Doug
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