Despite Down Economy, Corporate Profits Make Historic Gains

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After the worst recession since the Great Depression, and despite an agonizingly slow recovery, 2010 corporate profits grew by 36.8 percent, the biggest gain since 1950. Fast-growing profits would seem to contradict all the signs of an underperforming economy, especially an unemployment rate of 8.9 percent. The US Chamber of Commerce says it's all about "economic anomalies." Kevin Hall is National Economics Correspondent for the McClatchy Newspapers.




Warren Olney