[lbo-talk] Stock Markets vs the Real Economy

michael perelman michael.perelman3 at gmail.com
Mon Aug 8 20:29:21 PDT 2011


Carrol gave a couple of examples. GE, the auto manufacturers, even retailers often only make their profits on warranties. Seth, you are right that it does not make sense. Neither does capitalism.

On Mon, Aug 8, 2011 at 8:21 PM, Carrol Cox <cbcox at ilstu.edu> wrote:
> I was trying to remember the other day how Greyhound had shifted its
> business. U.S. Steel turned itself into Marathon and sold the steel
> business. The (original) Greyhound did the same, but I don't know or can't
> remember what it turned itself into.
>
> Carrol
>
> On 8/8/2011 5:29 PM, SA wrote:
>>
>> On 8/8/2011 6:16 PM, michael perelman wrote:
>>
>>> I am thinking of corporations moving from real investment to finance
>>> -- I call it reverse finance capital.
>>
>> Michael, as I've said many, many times before, I don't think this idea
>> makes any sense whatsoever. How does this work exactly?
>>
>> SA
>>
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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



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