On Mon, Aug 8, 2011 at 3:03 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Aug 8, 2011, at 5:57 PM, michael perelman wrote:
>
>> When few good prospects for real investment exist, people look for
>> financial opportunities.
>
> But different people do real investment and financial investment. Real sector managers are not the same as portfolio managers. Pension funds do not finance the purchase of machine tools or retail inventory.
>
> Doug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com