[lbo-talk] Stock Markets vs the Real Economy

Chuck Grimes c123grimes at att.net
Mon Aug 8 21:28:18 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. MP


Hey, let's give credit where credit is due. I made this argument and Carrol went along. Yes to the retail sector dabbling, like the Sears credit card, Safeway discount card, and Radio Shack warranty payments on top of their shitty products made in the megaslums of electronic toxic earth.


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