Thursday, February 01, 2007

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.


Anonymous Anonymous said...

but wait! lawrence kudlow says the economy is booming.

9:38 AM  

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