alt Hacker News> Corporate earnings are through the roof. They’re doing great. The consumer is hanging in there. The labor market is hanging in there.
Are we though?
Thank god corporate profits are ok...
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ToValueFunfetti • today at 4:21 PM
Could you point to some evidence that we are not? Or at least an anecdote or an opinion on what the issue is or anything at all of substance rather than a provocative question and a bit of snark? What am I supposed to take away from this- I don't even know whether 'we' refers to the consumer or participants in the labor market
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imglorp • today at 4:04 PM
Don't corporate profits depend on the 99% (the poors) spending? If the consumers fail, and stop spending, how long before the corporations feel mildly inconvenienced?
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> "Corporations are people, my friend. Of course they are. Everything corporations earn ultimately goes to people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings, my friend."
- US Presidential candidate, Mitt Romney, 2011