Tag: Deficit Spending
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Quinn Balks at Illinois’ Fresh Interest Rate
Gov. Pat Quinn’s administration delayed Wednesday’s planned sale of $500 million in construction bonds, saying a recent credit downgrade because of inaction on government worker pension reform left the market “unsettled.” The decision was made after officials with the governor’s budget office spoke with potential bidders who indicated they would seek interest rates higher than…
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What Drives Corporate Profits?
In a heady story over the Business Insider today Joe Weisenthal walks us through an analysis as to why corporate profits are so high right now. It generally all comes down to this chart: It shows the various drivers and drags on corporate profitability. So for example, household savings are always a drag on profitability,…