Wednesday, August 3, 2011

American corporations have set new profit records over the past three months!

After months of record profits, corporations are doing even better!!! Meanwhile, they are planning major layoffs over the summer. So much for the theory that job creators hire more when they have more money to spend.

1 comment:

  1. This morning's NY Times featured a cover story about how luxury goods merchants are experiencing overwhelming sales increases. Indeed, they are raising prices to attract customers who operate according to the rule that says the more something costs the better and the more desirable it is. (Plus, as one expert observed, if you add $60 to the price of an $800 pair of shoes, who notices?)

    It's us and them. And the two classes grow farther and farther apart; they don't know us and we don't know them--at all.