New Data, Same Story

Today’s data from the Bureau of Economic Analysis tell the same old story.
National GDP is dropping and personal incomes are dropping along with it. These are troubled times.

But wait! There’s more! Corporate profits are on the rise.

GDP_and_income_chart.jpg
Source: BEA: GDP, personal income, corporate profits as percent.

Are corporate profits a leading indicator of a turnaround? Or the next chapter (same old chapter) of winners and losers in the new economy. Real people struggle while corporate chieftains laugh all the way to the bank.

By the way: Maybe check out my new novel, 2044. The problem isn’t Big Brother. It’s Big Brother, Inc.

Comments