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Michael Roberts is one of the most serious Marxist economists around.
Here's his take on the stock market crash. He seems to think it's similar
to what happened in 1937, although not exactly the same. If I'm
understanding him correctly, he's saying that the expected increase in
interest rates as well as in increased wages will cut into profits. Also,
the level of corporate indebtedness is quite high. However, for a time
these factors will be somewhat offset by continued high profits.

Well worth reading.
https://thenextrecession.wordpress.com/2018/02/06/stock-market-crash-1987-2007-or-1937/

John Reimann

-- 
"No one is going to give you the education you need to overthrow them."
Assata Shakur
Check out:https:http://oaklandsocialist.com also on Facebook
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