How The Financial Sector Sucks $635 Billion Every Year From The Real Economy

How The Financial Sector Sucks $635 Billion Every Year From The Real Economy: Before the Great Recession, the financial sector had consistently been eating up a greater and greater share of the economy. In 2007, it accounted for a whopping 40 percent of corporate profits. Before 1950, the financial sector made up less than 3 percent of GDP; now it makes up more than 8 percent. According to [...]/p