Corporate Profits Hit New Record In 3rd Quarter

[Hobbes]

The Financial Sector Now Makes Up A Bigger Share Of The Economy Than Before The Recession.

According to the latest data from the Commerce Department, the financial sector now accounts for 8.4 percent of the United States’ Gross Domestic Product, “eclipsing the peak it hit in 2006.” In the 1950s, the financial sector accounted for less than 3 percent of GDP. Meanwhile, financial firms are once again making more than 30 percent of all corporate profits in the U.S.

Oooh, now you are sinking to the level of quoting the leftist thinkprogress.org welcome comrade

I won't stand by and see you attack the banks, job creators that they are, for their success and profits. See how easy that is?

 

[DPI]

Oooh, now you are sinking to the level of quoting the leftist thinkprogress.org welcome comrade

I won't stand by and see you attack the banks, job creators that they are, for their success and profits. See how easy that is?

I know, using your own numbers against you. haha I just wish the profit makeup was 180 degrees, with the other 92% of the corporations with increasing profits and the banks profits declining.

 

[Hobbes]

Again, this isn't something that started in the last couple of years.

Wages have been declining for decades.

The longer we turn a blind eye to that fact, the longer it will take to figure out what is wrong with our economy.

 

[Hobbes]

How To Fix The Economy

 

[Glocktogo]

But they don't have enough customers with money to spend in the US to justify expanding and hiring and THAT is the problem with the economy.

I've got a hint for you. Corporations aren't the only ones with cash they're not willing to spend. Some of us are doing quite well, but we're not gonna go out and waste it on frivolous crap. Particularly when the FED is actively trying to devalue the dollar.

 

[Hobbes]

I've got a hint for you. Corporations aren't the only ones with cash they're not willing to spend. Some of us are doing quite well, but we're not gonna go out and waste it on frivolous crap. Particularly when the FED is actively trying to devalue the dollar.

You shouldn't waste money on "frivolous crap" at any time, good or bad.

If they FED is actively trying to devalue the dollar you sure don't want to be in CASH.
That's what they would be devaluing.

 

[WTJ]

I've got a hint for you. Corporations aren't the only ones with cash they're not willing to spend. Some of us are doing quite well, but we're not gonna go out and waste it on frivolous crap. Particularly when the FED is actively trying to devalue the dollar.

Yer right. Hope you are converting it from FRNs to "tangible goods".

 

[DPI]

Again, this isn't something that started in the last couple of years.

Wages have been declining for decades.

The longer we turn a blind eye to that fact, the longer it will take to figure out what is wrong with our economy.

Are you blaming the earning decline on corporate profit? I have worked for a few corporations and my earnings have gone up every year since 1994. It is not because I sit idle and wait for somebody to give me something. I look for a niche and aim to fill that niche. Whether it takes additional education or training in my off hours, I do it to gain a competitive advantage.

I propose the declining earnings are due to the laziness and lack of effort of the general public.

 

[Hobbes]

Are you blaming the earning decline on corporate profit? I have worked for a few corporations and my earnings have gone up every year since 1994. It is not because I sit idle and wait for somebody to give me something. I look for a niche and aim to fill that niche. Whether it takes additional education or training in my off hours, I do it to gain a competitive advantage.

I propose the declining earnings are due to the laziness and lack of effort of the general public.

No

We have, as a nation, pursued policies that caused wages to decline for at least 30 years.

And your wages might have gone up in nominal terms but when adjusted for inflation probably not at all.

 

[DPI]

Yer right. Hope you are converting it from FRNs to "tangible goods".

Need to be buying bullets and beer! Those items will come in handy when the value of the dollar goes the way of the Deutsche Mark.