Good Times

If you're one of the one in five Americans who is unemployed or underemployed, isn't it time you got off your lazy ass and started a gigantic corporation? God helps those who help themselves, as is evidenced here:

The nation’s workers may be struggling, but American companies just had their best quarter ever.

American businesses earned profits at an annual rate of $1.66 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or non-inflation-adjusted terms.

Corporate profits have been going gangbusters for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history.

Nice work, if you can get it.

[NYT]