Search LBO-Talk Archives

38956 Stocks and GDP -- rank: 1000

rc&am wrote: >doug, > >continuing my project of asking naive questions: > >do you (anyone) think that the bail-out is a new phenomena/strategy? I may be missing some historical precedents (like lemon socialism - the nationalization of failing industries), but I think they began in their modern form in the early 1970s, at least in the U.S., with the Penn Central and Franklin National bailouts, and with sovereign entities, the New York City fiscal crisis of 1975. Later on there ...

Document Size:	6175
Author:	Doug Henwood
Date:	Fri Jan 29 08:22:09 PST 1999

38957 [PEN-L:2680] Duke University's literature department -- rank: 1000

rc&am wrote: >i like the phrase 'late capitalism', meself.... but i don't think this has >much of an optimistic tone about it at all. bill lear mentioned a similar >distaste for teh phrase 'late capitalism' recently as well. Late implies that it's ending, and that a dawn might even be around the corner. I find both kind of hard to believe, even making allowances for the scale of historical time. >it's the only way i know to talk about a revolution within capitalism, to >dist ...

Document Size:	6021
Author:	Doug Henwood
Date:	Fri Jan 29 08:14:23 PST 1999

38958 YHOO: 500 -- rank: 1000

from TheStreet.com: >Oh yeah, and this just in, Jamie Kiggen over at DLJ is taking his Yahoo! >(YHOO:Nasdaq) price target to 500 right now, I kid you not!!! They laughed when another analyst thought Amazon (AMZN:Nasdaq [is that the style we should follow from now on?]) was going to 300, too. Doug

Document Size:	4768
Author:	Doug Henwood
Date:	Fri Jan 29 07:59:41 PST 1999

38959 [PEN-L:2680] Duke University's literature department -- rank: 1000

Dennis R Redmond wrote: >That may be true for the >neoclassical goons who legitimate late capitalism's continuing predations, >but Butler is someone *questioning* this. But maybe it's precisely this >resistance to thinking anything new, this virulent attack on even the >faintest, most tenuous notion of postmodern solidarity, which explains why >we don't have a Left in this benighted country... I find it fascinating, and no doubt revealing in ways that I can't yet understand, th ...

Document Size:	6466
Author:	Doug Henwood
Date:	Thu Jan 28 16:02:30 PST 1999

38960 Greenspan Bullish on Internet Stocks -- rank: 1000

Henry C.K. Liu wrote: >Greenspan just testified in Congress that hype on internet stocks has >substance behind it. Yahoo's version of the Reuter's story on this has a pic of the chairman just screaming for a joke caption. Any suggestions? The pic is <http://dailynews.yahoo.com/headlines/p/nm/19990128/bs/mdf52556.html>. Doug

Document Size:	4937
Author:	Doug Henwood
Date:	Thu Jan 28 12:11:05 PST 1999

38961 The Bubblemeister sez: buy Yahoo! -- rank: 1000

Enrique Diaz-Alvarez wrote: >Another priceless quote from Ayn Rand's groupie: > >"Its very rare that you can be unqualifiedly bullish as you can be now" > >This is from Jan 7th, 1973 - right before the worst bear market since >1929. Oooh, I wasn't aware of that one. Where'd he say that? Where's it quoted? Doug

Document Size:	4878
Author:	Doug Henwood
Date:	Thu Jan 28 11:56:39 PST 1999

38962 Beyond The Politics of Cancer Alone -- rank: 1000

William S. Lear wrote: >On Wed, January 27, 1999 at 15:26:44 (-0500) Doug Henwood writes: >>Paul Henry Rosenberg wrote: >> >>>First, "Chemicals Called Main Cause of Parkinson's Disease," which >>>points up the fact that cancer is not the only disease corporate >>>polluters are responsible for. >> >>Yeah, corps emit the toxins, but ordinary folks like you & me are the ones >>who use Saran Wrap, drive cars, run the a/c, etc. ...

Document Size:	6118
Author:	Doug Henwood
Date:	Thu Jan 28 07:50:24 PST 1999

38963 Stocks and GDP -- rank: 1000

rc&am wrote: >> ....taking out bank debt in order to speculate >> short-term, as the US is doing right now, will someday land us in a heap >> of trouble. .... > >it amy sound like a naive question, and it most likely is, but i don't >take it as a >fait accompli that debt will be a problem for capitalism as a whole. >hence, i was >asking whether or not the neo-liberal hammer of needing to'balance the >books' is as >much a fait accompli as it sounds, a ...

Document Size:	6348
Author:	Doug Henwood
Date:	Thu Jan 28 06:24:14 PST 1999

38964 stocks and GDP -- rank: 1000

Daniel wrote: >>BTW - Jeremy Stein at Wharton claims that stocks outperform any investment >>over any thirty year period. >> >>What sayeth Doug (re: latest LBO) > >>They do. What no one can explain is why. > >>Doug > >Now, I thought Billie Holiday had answered that one: "Them's that got shall >get, them that's not shall lose, So the Bible says, and it still ain't >news." Yeah. My use of "explain" was too narrowly technical ...

Document Size:	5279
Author:	Doug Henwood
Date:	Wed Jan 27 19:54:14 PST 1999

38965 Specters of the 'Middle Class' (was That Obscure Object....) -- rank: 1000

Gar Lipow wrote: >Yes, as Doug has pointed out in >the latest issue of LBO, they show no great signs of supplanting >capitalists as the ruling class, and capitalists would be thrilled to >do without them. That wasn't me, that was Richard Marens. Doug

Document Size:	5048
Author:	Doug Henwood
Date:	Wed Jan 27 15:19:57 PST 1999

38966 stock returns -- rank: 1000

Speaking of stock returns.... Full text available at <http://papers.ssrn.com/paper.taf?abstract_id=138170> >The Good News and the Bad News About Long-Run Stock Market Returns >STEPHEN H. WRIGHT and DONALD ROBERTSON >University of Cambridge and University of Cambridge >October 1998 >DAE Working Paper No. 9822 > > >Abstract: > >If stock prices followed a random walk, uncertainty about future stock >prices would be so great that the observed bias towards equit ...

Document Size:	5878
Author:	Doug Henwood
Date:	Wed Jan 27 14:51:49 PST 1999

38967 Stocks and GDP -- rank: 1000

JayHecht at aol.com wrote: >BTW - Jeremy Stein at Wharton claims that stocks outperform any investment >over any thirty year period. > >What sayeth Doug (re: latest LBO) They do. What no one can explain is why. Doug

Document Size:	4625
Author:	Doug Henwood
Date:	Wed Jan 27 14:30:00 PST 1999

38968 Supporting Clinton's plan (Re: Milton F. on SS privatization -- rank: 1000

Josh Mason wrote: >These aren't just quibbles. It seems that what's at stake here--as in our >last exchange--is the prospects for financial democracy in the absence of >the genuine article. You think they're promising (I'm also thinking of >your suggestion that Milton Friedman's nightmare of Social Security >socialism might come true). I don't. No kidding. If it didn't come true in Sweden, why in god's name would it come true in the U.S.? Doug

Document Size:	5262
Author:	Doug Henwood
Date:	Wed Jan 27 14:23:25 PST 1999

38969 Butler and bad writing -- rank: 1000

Dennis R Redmond wrote: >There is something quite new about Butler: she's theorizing the lesbian >movement of the Nineties, in much the same way that Foucault theorized the >gay lib movement of the Seventies. And she's also saying some interesting >stuff about the preconditions of contemporary micropolitical movements -- >why it's hard to motivate people to join unions, work in their community, >resist the ravages of capital, etc. She's also blurring a lot of the demarcations t ...

Document Size:	11662
Author:	Doug Henwood
Date:	Wed Jan 27 13:10:39 PST 1999

38970 Supporting Clinton's plan (Re: Milton F. on SS privatization -- rank: 1000

Yale wrote: ...well it doesn't matter. But are you speaking for the University now, Nathan? What have you done with the Corporation? Got them locked up in a basement in Durfee? Doug

Document Size:	4909
Author:	Doug Henwood
Date:	Wed Jan 27 12:55:56 PST 1999