[lbo-talk] Looking for statistics on Speculative versus Real Stock investment (?)

[shag]

moose asked
> Hi all.
>
> So over the years I've heard from various secondhand sources the "fact"
> that the majority of all that volume traded on wall street is merely
> speculative, rather than real wealth (i.e., wealth that is immediately
> used to build capacity, buy machines, build factories, etc).
>
> (And is this Marx's famous "Fictitious Capital")?
>
> So Im looking for actual and current studies and statistics on this
> subject. What are the actual numbers, and all that.
>
> Any links or stories you can point me to would be much appreciated!

This book I just finished has the numbers, The Great Financial Crisis by
Foster and Magdoff:
http://www.monthlyreview.org/books/greatfinancialcrisis.php