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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST
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To: Gottfried who wrote (40779)10/11/2008 4:35:44 PM
From: Cary Salsberg   of 95573
 
I was not impressed by the article and surprised the author is an economics professor. He used one macro economic measure, profitability on invested capital, to support his argument and didn't try to explain why it was up to 10% in 2007-8, above the normal post WW2 averages of 7-8%. I would guess that the increased profitability in the energy sector because of high oil prices was the cause. I agree that solving the banking industry problem will not necessarily solve the problems of our economy.
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