March 4, 2013

Corporate Profits Are Eating the Economy

Here are two things that are true about the economy today.

(1) The Dow Jones industrial average is poised to set a new record as corporate profits stretch to all-time highs. 

(2) There are still fewer working Americans today than there were before the start of the Great Recession. 

The fact that these two things can be true at the same time might outrage you. But it shouldn’t surprise you. 

Read more. [Bottom Image: FRED]

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    The article says that corporate profits are high because of strong global demand. I disagree. More or less the entire...
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    You know what else? Corporations are using prisoners-but only prisoners convicted of non violent crimes, and think about...
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    Let’s call this reason 21 that I’m embarrassed to be American.
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