On Mar 18, 2008, at 3:07 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.
Ah, didn't know that 2006 was the peak. Yes, I have read before that
the lack of investment/hiring was low despite the profit growth... so
my question above was if corporate investment/spending were to start
ticking up (given that they are, or least were, sitting on a pile of
cash) will that make a significant difference?
Max wrote:
I don't see more real investment as relevant. You've got this huge
pyramid of conflicting financial claims --
what my brother blogger Atrios calls "Big Shitpile," that has to be
dealt with. Don't ask me how.
Come now, Max, you don't need your blogger brother (the same fool, if
I might say without insulting you, who considers Noam Chomsky an
"idiot") to source such cutting-edge terminology ;-). Re: pyramid of
conflicting financial claims -- okay, I understand that.
Thank you to both of you for the responses,
--ravi
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