[lbo-talk] Stock Markets vs the Real Economy

[michael perelman]

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