[lbo-talk] Stock Markets vs the Real Economy

Julio Huato juliohuato at gmail.com
Tue Aug 9 12:45:28 PDT 2011


I wrote:


> The tremendous expansion in financial profits (as a share of all
> corporate profits) since the early 1980s (more remarkable in the light
> of stagnant/declining fixed investment and employment from the
> mid/late 1980s on, as shown in Seth's graph) -- was due largely to
> sectoral rents made possible by the banking deregulation pursued in
> earnest after the 1978's Supreme Court ruling on usury laws.

That should be corporate and individual portfolio management (of "high net worth" individuals, of course) -- not just corporate.



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