[lbo-talk] Stock Markets vs the Real Economy

Chuck Grimes c123grimes at att.net
Mon Aug 8 20:50:42 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.
>
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Hey, let's give credit where credit is due. I made this argument, and Carrol, went along with the idea. And yes, big old time retail giants issued their own credit cards, like Sears. Safeway has their discount card just like Costco. Life on the installment plan as Celine called it...

CG



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