{"id":526616,"date":"2010-04-13T14:02:00","date_gmt":"2010-04-13T18:02:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/basically-the-economy-is-back-to-being-ridiculously-overdependent-on-finance-again-2010-4"},"modified":"2010-04-13T14:02:00","modified_gmt":"2010-04-13T18:02:00","slug":"basically-the-economy-is-back-to-being-ridiculously-overdependent-on-finance-again","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/526616","title":{"rendered":"Basically, The Economy Is Back To Being Ridiculously Overdependent On Finance Again"},"content":{"rendered":"<p>David Rosenberg made a point similar to this <a href=\"http:\/\/www.businessinsider.com\/rosenberg-corporate-profits-are-hotter-than-ever-as-financials-lead-the-charge-2010-4\">yesterday<\/a>.&nbsp; But in case it isn&#8217;t clear, the rebound in financial earnings has put the banking sector to basically right back to where it was before the crisis.&nbsp; (Well, they&#8217;re not <em>quite<\/em> at peak profits yet, but as a segment of the economy that&#8217;s ridiculously big compared to the rest of the economy, all your dreams of a mean-reversion have been dashed).<\/p>\n<p>This Bloomberg chart comes from <a href=\"http:\/\/feedproxy.google.com\/~r\/InfectiousGreed\/~3\/vBFa1elL3Lw\/bank_profits_ar.html\">Paul Kedrosky<\/a>:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bc4b16e7f8b9a1703d80900\/chjart.png\" border=\"0\" alt=\"chjart\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/basically-the-economy-is-back-to-being-ridiculously-overdependent-on-finance-again-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/_s6ePASeJUk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Rosenberg made a point similar to this yesterday.&nbsp; But in case it isn&#8217;t clear, the rebound in financial earnings has put the banking sector to basically right back to where it was before the crisis.&nbsp; (Well, they&#8217;re not quite at peak profits yet, but as a segment of the economy that&#8217;s ridiculously big compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-526616","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/526616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=526616"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/526616\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=526616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=526616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=526616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}