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And Yet ?

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Michael J. Panzner

Financial Armageddon

Published : March 29th, 2011

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Category : Crisis Watch

Some would say there's no real relationship between the data highlighted in these two posts:

"Unemployment’s Rising Toll on Families" (Economix)

Last year, nearly one in eight families included an unemployed person, the highest proportion since the Labor Department began keeping track in 1994.

"Chart of the Day: Finance is Back!" (MotherJones)

Via Matt Yglesias, Kathleen Madigan reports that finance industry profits have recovered from their late unpleasantness and now account for over 30% of all corporate profits once again. Life is grand if you're a plutocrat, isn't it?

And yet...?

Michael J. Panzner
Editor, Financialarmageddon.com

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Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.

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