Nope, nothing wrong with *this* economy!
Two newsy tidbits this morning:
1) Exxon announced annual profits of $39.5 billion, the largest ever by an American corporation. Ever.
2) According to a Department of Commerce report, the personal savings rate in the US last year was negative 1%, the lowest rate since 1933. The US savings rate has been negative for an entire year only four times – in 2006 and 2005, and in 1932 and 1933.
1) Exxon announced annual profits of $39.5 billion, the largest ever by an American corporation. Ever.
2) According to a Department of Commerce report, the personal savings rate in the US last year was negative 1%, the lowest rate since 1933. The US savings rate has been negative for an entire year only four times – in 2006 and 2005, and in 1932 and 1933.
posted by Ish at 10:27 AM
1 Comments:
but wait! lawrence kudlow says the economy is booming.
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