http://great2cents.blogspot.com/2009/02/earnings-and-valuation.html

Not exactly sure what you’re pointing at, haven’t been underground for a while, but I live in a country where the media and politics still can be played somewhat. We also have a fairly large and powerfull green movement so I would be willing to give it a shot. Send me an NDA at flybeug-at-hetnet.nl and I’ll see what I can do to take this mainstream. Also have access to testing and production facilities. I also get to go Stateside sometimes, so invite me over sometime.

Just lemme know, kinda tired of big oil as well, so give us change…..

Regards,

Bas.

Bas.

I can see that for the market in general but I thought it was the job of companies to create value, innovate and produce productivity enhancements that they could then sell to the general public. Doing that is supposed to make them grow at a faster rate than the economy and that is why we invest in them

Reply: You are correct, but miss my point. Some will grow faster and some slower, but overall, the value of earnings in the stock markets (again, not just the S&P) must necessarily grow at roughly the same rate as the economy because stock market earnings growth plays directly into the calculations of GDP, ie., the total growth in the economy.

If the S&P, a small sample of all stocks, representing only very big companies, grows faster than the overall economy, it could be that large companies are growing at the expense of smaller ones–which is just one possibility that would require more investigation to conclusively determine.

Hope I didn’t completely miss the thread. It’s been a busy weekend. And I agree, fantastic, insightful stuff can be found here. Thanks Barry and the rest.

that’s good to hear, this two-dimensional means of communication, certainly, has its Limits.

w/this: ““The fundamental concept in social science is Power, in the same sense in which Energy is the fundamental concept in physics.”–we should remember that Economics first, and foremost, is ‘Social Science’, and with that, all the Flap we hear about “fixin’ the Economy”, should be understood, in the current context, as “Further Consolidating Power(away from the Individual)..

AGG,

no Thanks necessary, I look forward to your proposal. I’m not much, if any, more confident in ‘la sistema’ than you are, but, there’s only one destination, in my mind, a better tomorrow..

AGG, you’re singing to the choir. My uncle invented the power toothbrush in the ’50s — no kidding, I saw copies of his patent submissions — the first model used a wall-mounted motor with a flexible cable to the brush and the second model a couple years later was self-contained. He couldn’t afford a good patent attorney for either and submitted the applications himself so it was child’s play for a well-healed corporation to create the necessary minor variations and cut him out entirely (I have to say it continues to surprise me that those who understand governments can expropriate goods and rights don’t seem to understand that corporations can do the same). Einstein correctly identifies the power of environment and Bertrand Russell intrudes on his turf a bit in generalizing the principle: “The fundamental concept in social science is Power, in the same sense in which Energy is the fundamental concept in physics.”

Mark, I figured as much: My comments were intended to be wry and ironic rather than envious, a commentary on the nature of fortune if you will, and I remain on very warm terms with all concerned.

your points abouts Patents, are, indeed, correct, many innovations are never published thusly–via the Patent Office. Though many are employed, kept *out-of-sight by NDAs and Trade Secret, as an example, terms of Art.

about your offer, feel free to send me an e|mail, that type of bleeding stuff is my racket.