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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Golconda who wrote (59275)	12/22/2009 3:45:55 PM
From: elmatador	Respond to of 218262

5% tops finance. 95% real economy. 2005 30% of corporate profits in the IUS came from finance. Although share of GDP was less than 10%. Thomas Philippon, a finance professor at New York University, reckons that nationally, the share of GDP coming from finance will probably be reduced from its recent peak of 8.3 percent to perhaps 7 percent—I suspect it may fall farther, to perhaps as little as 5 percent, roughly its contribution a generation ago. In either case, it will be a big reduction, and a sizable portion of it will come out of Manhattan. theatlantic.com

To: Golconda who wrote (59275)	12/22/2009 3:50:14 PM
From: elmatador	Respond to of 218262

Thread's name is FINANCIAL collapse. 2003: The bulk of the increase in profits stemmed from GM's financial services arm, GMAC, which specialises in mortgage lending and insurance. GM profits rescued by finance arm news.bbc.co.uk Financial unit weighs on GE; profit plunges 44 percent dailyfinance.com GE posted a 44-percent decline in profit to $2.4 billion, or 23 cents per share, hurt by much lower earnings at its GE Capital arm, which loans money to businesses ranging from credit cards to shopping centers GE divisions that build dishwashers, sonogram machines, locomotives and wind turbines posted a modest profit increase.