Corporate profits

Workers’ wages in pursuit of corporate profits – Out of the ordinary

The 2010 total of 62.1% is nowhere near the record share of 54.5% set in 1929, the first year for which figures are available. But it’s the lowest for any full year since 1965. In the first quarter of 2011, it slipped again, to 61.7%. National income, as calculated by the Commerce Department, is similar […]

Corporate profits

The relationship between corporate profits and US GDP growth appears to have come to an end

by GC Mays The Bureau of Economic Analysis reported that second-quarter GDP grew at a dismal annualized rate of 1.3%. The three quarters leading up to this one have been revised with Q1 GDP growth revised down from an already weak 1.9% to a morbid annual rate of 0.4. click on graphics to enlarge Source: […]

Corporate profits

The share of corporate profits in the pie is the highest in 60 years

WASHINGTON (MarketWatch) – It’s not news that Wall Street is doing much better than Main Street, but we didn’t know how much better it was until the government updated economic statistics dating back to 2008. Here’s the grim report that won’t surprise anyone who’s been paying attention for the past three years: Fat cats are […]