PeakTrader.com

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PeakTrader said...

Wall Street has created enormous wealth in the U.S. and captured massive wealth in the global economy.

Wall Street is capitalism at its best.

Unfortunately, the government creates policies that Wall Street takes advantage of, like taking candy away from a baby, and when the government realizes it lost, it restricts Wall Street with regulations.

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PeakTrader said...

The historically slow U.S. economic recovery continues. The first estimate of Q1 2011 real GDP growth, to be reported next week, is expected to be less than 2%.

Yet, U.S. corporations are performing well in the global economy:

S&P 500 earnings look rosy on 2011 overseas sales
Dec 25, 2010

"S&P 500 foreign sales and overseas pre-tax income have risen sharply over the last decade.

Bank of America Merrill Lynch analysts said emerging markets will account for 80 percent of global growth in 2011.

Standard & Poor's 500 companies are expected to earn a record $95.98 per share in 2011, based on Thomson Reuters data. That would exceed the 2006 per-share record of $88.12.

The U.S. economy is expected to register gross domestic product growth of 2.7 percent in 2011, according to Reuters data.

Global GDP growth for 2011 is forecast at 4.8 percent and emerging and developing economies at 6.4 percent, according to the latest International Monetary Fund figures published in October."