Capital Gains

The Economist, July 24, 2012

"NEVER mind the divide between Main Street and Wall Street. The big gap at the moment is between workers and corporations. Although unemployment remains stubbornly high and wage rises are hard to come by, corporate profits are taking a larger share of American GDP than before the financial crisis (see chart).

America stands out from the pack, one reason why its stockmarket has been outperforming the rest of the developed world. In both continental Europe and Japan, earnings per share are well below their November 2007 levels."