Interesting data. Why would the Canadian and U.S. banks be so much more
successful in increasing their profitability?
Mark Jones wrote:
Here are the figures on commercial bank profitability, from the IMF 1997
report, International Capital Markets Developments, Prospects, and Key
Policy
At 03:53 PM 3/11/98 -0800, Doug Orr wrote:
Trivia question number two. This may be one of those "urban myths" but back
in the distant past when I was in graduate school, I was told about a study
that found that there was a correlation between the lengths of women's skirts
and the business cycle.
This message comes from the Jewish Labor Committee: 213-965-7600.
COFFEE AT THE SUMMIT
RELAX IN DECADENT LUXURY AND
SUPPORT WORKERS AT THE SUMMIT HOTEL
Saturday, March 14, 11:30 AM to 1:00 PM
Come and join with United L.A., the ethnic labor coalition of the Los
Angeles County Federation of
The question of the relation between short skirts and recessions
prompts me to ask if anyone can comment or refer me to a discussion of
'dialectical' econometrics, e.g. that takes seriously the notion of
interdependent wholes. When I ask my less econometrically challenged
friends about this they
Jeffrey,
PKs don't subscribe to ISLM and I did not imply that
they do. That's why Doug's jibe would be at PKs, not
"garden variety Keynesians". The outcome is indeed
explicable by an ISLM model with a reduced budget deficit
shifting back LM substantially and higher taxes on the rich
I don't think that the point was that the goods are produced craft-like, but
that the product life cycle is foreshortened.
Back in the 50s, Griliches, Kaysen and another person estimated the waste
involved in changing automobile styles every year. Now, they are changing
styles every few weeks.
Doug,
Hmmm, must have missed those questions on pkt.
Actually some of the newer open economy ISLM models have
the main stimulus of an expansionary monetary policy, or of
any policy such as reducing budget deficits without a
monetary tightening that leads to lower interest rates
No need to speculate, Bill, here are the facts (we were discussing
Dennis's views about the unimportance of the UK vis a vis Japan
and Germany).
Net Foreign Purchases of U.S. Bonds
(In millions of U.S. dollars)
Government Corporate Total
You're making the classic rentier mistake of confusing short-term
profitability (the accumulation of finance capital) versus long-term
profitability (market share). The whole point of my argument is that
the banking system of the Central European and East Asian metropoles
In a message dated 98-03-09 17:23:04 EST, you write:
Well? By what standards? Unless you mean relatively low unemployment.
Not hard to understand, given the 1.2 million employeable Americans in
prison. Or do you mean the sheer length of the current US business cycle,
now wheezing along in
Trivia question number two. This may be one of those "urban myths" but back
in the distant past when I was in graduate school, I was told about a study
that found that there was a correlation between the lengths of women's
skirts
and the business cycle.
Two possible explanations:
1.
A trigger-happy U.S. populace and mainstream press revealed their
inclinations in 1997 when seven out of 10 Americans
favored U.S. military action against Iraq. Editorialists and Op-ed writers
exercised no restraint when calling for the use of
American force.
Meanwhile, the ongoing debate seems
Globalization or global hegemony? The United States versus the world
Mideast Mirror
Thu, Mar 12 1998
By Naseer Aruri, Jerusalem-born professor of Political Science at UMASS
Dartmouth (University of Massachusetts at
Dartmouth), writing for pan-Arab al-Hayat
American foreign policy elites
On Thu, 12 Mar 1998, Mark Jones wrote:
Net Foreign Purchases of U.S. Bonds
(In millions of U.S. dollars)
Government Corporate Total
Bonds Bonds
1996 293,685 77,978 371,663
Of
On Thu, 12 Mar 1998, Mark Jones wrote:
Here are the figures on commercial bank profitability, from the IMF 1997
report, International Capital Markets Developments, Prospects, and Key
Policy Issues (supplementary tables), which demonstrates the adverse
turn in the fortunes of Germany and
Part of the answer may lie in the correlation between the Fed and the
Canadian Central Bank. I remember a study by a former professor of mine
at Utah indicating the CCB acted like the 13th District in the U.S.
Federal Reserve System. How this may relate to wider economic
experiences between
Rosser Jr, John Barkley wrote:
Post Keynesians have a harder time
explaining "why things have gone right" (probably Michael
P. should introduce this thread over on pkt, just for
kicks, :-)).
I've tried that twice now, and the closest approximation of a credible
answer I've gotten was Paul
Max,
I had not realized that "Old Democrats" were calling
"New Democrats" "social liberals." I think your point
about the racial question falling between the cracks is of
some interest. At least with respect to established
African-American groups there seems to be a tendency to
line
In a message dated 98-03-11 14:23:09 EST, you write:
At 12:12 PM 3/11/98 -0600, Bill wrote:
On Wed, March 11, 1998 at 09:20:07 (+0800) Anthony D'costa writes:
... in today's
highly competitive world economy.
Doesn't this imply
Everyone says this, but is it really true? Looking around my room here I
see: a Macintosh G3, a Sony monitor, a pile of Zip disks, an HP laser
printer, a Supra modem, a Sony boombox, another Macintosh and its Sony
monitor, a Sharp fax machine all of them produced in mass quantities.
And
James Devine wrote:
As I read Madrick, he's not saying it's a failure of the supply of
imagination but an increased demand for imagination. With a greater
emphasis on idiosyncratic products (niche markets), there's more need for
creativity of a craft-making sort. Each boutique and boutique
At 07:44 AM 3/12/98 -0800, Michael Perelman writes:
Interesting data. Why would the Canadian and U.S. banks be so much more
successful in increasing their profitability?
in response to Mark Jones' presentation of the following data for bank
profitability:
Major Industrial Countries:
I agree with Ken that the current drive to establish "intellectual property
rights" in more and more aspects of human and natural existence restricts
competition. Capitalism involves an incessant interaction between
monopolizing drives by individual capitals and competitive forces arising
from
On Thu, March 12, 1998 at 07:44:34 (-0800) Michael Perelman writes:
Interesting data. Why would the Canadian and U.S. banks be so much more
successful in increasing their profitability?
I have a further question: how do you make the leap from profitability
to the size of the stakes purchased,
On Thu, March 12, 1998 at 07:50:16 (+0800) Anthony D'costa writes:
being Competitive has little to do with the fictitious notion of zero
profits. Competition is not understood to result solely from the number of
firms (the quantity theory of competition) but also from the "mobility" of
capital
BLS DAILY REPORT, WEDNESDAY, MARCH 11, 1998
RELEASED TODAY: More than 21 million persons did some work at home as
part of their primary job in May 1997. The overall number of persons
doing job-related work at home did not grow dramatically between 1991
and 1997, but the number of wage and
If Anthony means that the U.S. has been effective in smashing organized
labor
and quelling resistence from workers, then I would have to agree. Our
system
is the envy of capitalists in Europe.--
Michael Perelman
Anthony: Yes, that is part of the story. South Korea is an interesting
case. Under
being Competitive has little to do with the fictitious notion of zero
profits. Competition is not understood to result solely from the number of
firms (the quantity theory of competition) but also from the "mobility" of
capital point of view. Greater mobility implies competitiveness and
Here are the figures on commercial bank profitability, from the IMF 1997
report, International Capital Markets Developments, Prospects, and Key
Policy Issues (supplementary tables), which demonstrates the adverse
turn in the fortunes of Germany and Japan v. the Anglo-Saxon world. Not
much signs
Trivia question number two:
there was a correlation between the lengths of women's skirts
and the business cycle.
(There is also supposedly a study linking the number of dairy cattle in
Kentucky and the business cycle. Any help here?)
Often, you will find similar examples in
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