-Original Message-
From: Louis Proyect [mailto:[EMAIL PROTECTED]]
Sent: 18 April 2002 19:45
To: [EMAIL PROTECTED]
Subject: [PEN-L:25116] Re: RE: Profit Rates -- From Michael Yates
What do you meant that poor countries accrue interest liabilities that they
don't pay? I was under the
On Fri, 19 Apr 2002 10:48:16 +0100, Davies, Daniel wrote:
I take your point here (that is, if I understand
you correctly as saying that we' re talking
about imperialism rather than poverty per se
here). But would you have said the same thing
about Spain twenty years ago?
No. Spain had a rather
To be fair, although there are known serious problems with depreciation, the
WorldCom and Global Crossing affaires aren't really relevant to the
statistics Doug quoted. The assets of WorldCom and Global Crossing are
worth exactly what they were worth before the meltdown, as stock market
I've worked with BEA people in the past. A friend of mine in
Gov refers to them as righteous technicians. They are
resolutely without political bias in their work. All of their
procedures are vetted by panels of outside experts.
one problem is that these outside experts are often
Max Sawicky wrote:
I've worked with BEA people in the past. A friend of mine in
Gov refers to them as righteous technicians. They are
resolutely without political bias in their work. All of their
procedures are vetted by panels of outside experts.
I've talked with scores of BEA and other USG
Davies, Daniel wrote:
To be fair, although there are known serious problems with depreciation, the
WorldCom and Global Crossing affaires aren't really relevant to the
statistics Doug quoted. The assets of WorldCom and Global Crossing are
worth exactly what they were worth before the meltdown,
Sabri wrote,
And I worked at money management
firms and other firms that provide analytics to them.
... But, there are those who are dishonest liars. I know it.
I have worked with them.
In my experience private sector data producers--particularly those in the
financial sector--sometimes
Didn't Merrill-Lynch financial advisors recently get in trouble for selling
info that was inaccurate -- but helped the investment-banking side of the
business?
JD
Eric writes:
In my experience private sector data producers--particularly
those in the financial sector--sometimes produce a
Jim wrote,
Didn't Merrill-Lynch financial advisors recently get in trouble
for selling
info that was inaccurate -- but helped the investment-banking side of the
business?
I know the LA Times has covered this at least twice a week or so ago, but I
haven't see much in the WSJ about it.
Eric
.
a la michael pugliese ;-):
-
http://www.usatoday.com/money/finance/2002-04-19-merrill.htm
No quick deal likely in Merrill Lynch case
By Thor Valdmanis, USA TODAY
NEW YORK -- The dark cloud hanging over the securities industry just got
darker.
Hopes of quickly achieving a final
The WSJ has pretty much dropped the ball on the MS investigation. The most they've
done is dribble stuff like below out a little at a time. I actually am surprised at
this--they are generally more conscientious and interesting about stuff like this.
AG's Probe Against Merrill Muddies
Doug, Gee, Solow and Samuelson never thought of it either, when defending the
idea of the production function. Luckily they had Joan Robinson to call it to
their attention.
But you and I are talking about different profit rates, as Daniel Davies has just
pointed out.
Gene Coyle
Doug Henwood
Max writes:but according to the Cambridge UK folks, you can't measure
capital stock to begin with . . .
you can measure aggregate capital stocks (K), simply by multiplying price
times quantity of each type and then adding up, but the question is what
that measurement means. The Cambridge UK
How do you adjust for the change in capital in telecom companies, before and
after the melt-down? What's the denominator?
World Com
Global Crossing
etc.
I vote with the Cambridge UK folks.
Max Sawicky wrote:
but according to the Cambridge UK folks, you can't measure
capital stock to
Gene, this is one of the great secrets of economics. Of course, everyone knows,
as Jim mentioned, that we have no theory of depreciation, but we go on pretending
that out data is of good quality.
Eugene Coyle wrote:
How do you adjust for the change in capital in telecom companies, before and
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