Monday 29 November 2010

US business profits outside of the financial sector are shrinking

by Pat O'Dea

For the capitalists the recession is officially over when growth, (profit) returns to the economy.

Big profits are being made from the continuing financialisation of the economy. (You know the thing that caused the huge speculative bubble that began the recession in the first place).

Unfortunately this huge profit taking in the financial sector is not being matched in the rest of the capitalist economy. Profits being made in the rest of the business world are shrinking as the data in the following blog article shows:

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