On Tue, Jul 20, 2010 at 12:48 PM, Doug Henwood <[email protected]> wrote: > raghu: > >> I have heard estimates that finance (including insurance and >> real-estate not just "Wall St") accounted for >40% of all corporate >> profits at its peak, but I assume that this has corrected somewhat in >> the last 2 years. > > U.S. financial sector profits before taxes were 45% of the total at their > peak in 2001, got as low at 15% in 2008, but are now back to 36%. >
Wow, I didn't realize that it had rebounded that much already! I was under the impression that finance and real-estate companies were hurting badly, with the sole exception of the Too Big to Fail banks... -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
