{"id":715868,"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.com\/index\/715868","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 data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4bc4b16e7f8b9a1703d80900\/chjart.png?w=780\" 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":288,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-715868","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-30eg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/715868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=715868"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/715868\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=715868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=715868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=715868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}