At 9:21 AM 1/22/95, Michael Perelman wrote: >Normally, we are led to expect that profit rates and interest rates >move together. I forgot to respond to this. Profit rates are probably a long-term limit to interest rates, but otherwise the two can go all over the place. As interest rates rise, the share of corporate profits paid to creditors will rise, so in that sense they move in opposite directions. Doug Henwood [[EMAIL PROTECTED]] Left Business Observer 250 W 85 St New York NY 10024-3217 USA 212-874-4020 voice 212-874-3137 fax
