Yes, Doug, but WHY did investment and hiring remain very low?
Gene Coyle
On Mar 18, 2008, at 12:07 PM, Doug Henwood wrote:
On Mar 18, 2008, at 12:15 PM, ravi wrote:
a question: with the possibility of McCain or a Democrat coming to
power and some of the excesses coming under regulation and some
chance of a return to honour among thieves, and the fact [?] that
corporate profits continue to ride high, can an uptick in corporate
investment/spending make a difference?
Corp profitability peaked in 2006 and has been edging down since.
Despite high profits from 2002-6, investment remained very low, and
so did hiring. That's a major reason the expansion was so weak.
Doug
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