[lbo-talk] Stock Markets vs the Real Economy

[c b]

When few good prospects for real investment exist, people look for
> financial opportunities.

What makes you think this is true? Is it a hunch? A hypothesis? Just
some barstool shit-shooting?

I'm asking you as an economist: If this were true, what sort of
pattern would we expect to find in the data?

SA

^^^^
CB; Didn't the Rockefeller folks go from oil to banking ? Carnegie ?
Would that be evidence ?

 Maybe it's not when there are few good prospects , but just
"naturally" ,because M-M(1) is a more efficient way to make profit
than M-C-M(1).