And this final note. We talked earlier with John Cassidy about what’s changed on Wall Street in the two years since the financial meltdown.
Here’s one thing that’s changed: Corporate profits set a record in the third quarter of this year. It’s the seventh quarter of growth in a row. The Commerce Department also reported today that the overall economy grew at a rate of 2.5 percent last quarter. And yet that growth has yet to find its way into the job market. The unemployment rate still stands at close to 10 percent.
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