[lbo-talk] Stock Markets vs the Real Economy

[D. T. Cochrane]

When people are referring to 'real investment' or 'real economy' or 'real
sector,' is 'real' just a substitute for 'material'?

If so, why use the term 'real' instead?

Cheers,
DT

On Mon, Aug 8, 2011 at 4:03 PM, Doug Henwood <dhenwood at panix.com> wrote:


>
> On Aug 8, 2011, at 5:57 PM, michael perelman wrote:
>
> > When few good prospects for real investment exist, people look for
> > financial opportunities.
>
> But different people do real investment and financial investment. Real
> sector managers are not the same as portfolio managers. Pension funds do not
> finance the purchase of machine tools or retail inventory.
>
> Doug
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