Gene wrote: > > Yes, Doug, but WHY did investment and hiring remain very low?
Doug : > That's a very good question. My guess is memories of overinvestment > in the late 1990s combined with Wall Street pressure to return cash > to shareholders. weren't a lot of companies lowering the debt loads? also, didn't returning cash to shareholders often involve companies' buying of their own stock, in order to keep it up in price? with the brave new neoliberal world seeing the stock market as the be-all and end-all, that's a natural response. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
