Which economist believes the United States is now in a "modern-day depression?"

1. Which economist believes the United States is now in a "modern-day depression?"

ANSWER: David Rosenberg at Gluskin Sheff

All American Investor

The United States of...China?

clipped from money.cnn.com The United States of...China? China's great outward march of investing into the United States is turning into a mad dash. Chinese investments into the U.S. rose 360% in the first half of this year compared to last year, according to Chinese government figures released Tuesday. The Ministry of Commerce in Beijing has not yet released actual figures except to say that the total of its global overseas investments had reached $55.2 billion by the end of June, compared to $43.3 billion for the entirety of 2009. Last year, Chinese companies announced new direct investments in the U.S. of close to $5 billion -- up from an average of $500 million a year previously, according to economic consultancy the Rhodium Group.

Corporation Net Income Taxes in the United States (Graph)

• This is the most recent data from the St. Louis Fed and it was just released.
• There is a lag in the data. Current chart is up to date through January 1, 2008.
• The numbers in this series are most likely worsening.
• As you can see, the numbers continued to worsen through the last recession. However, that included the period immediately after 911.
• Also, this chart is change from previous year, in thousands of dollars. This gives a better picture of the trend of taxes being collected.
  

State Government Tax Collections, Corporation Net Income Taxes in the United States, Annual, Thousands of Dollars

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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