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Saturday, August 27, 2011

Corporate profits are fantastic—what's wrong with equity prices?





Today's revision to second quarter GDP brought with it our first look at corporate profits, and they were once again very strong, if not fairly spectacular. Not only were after-tax profits up over 9% relative to a year ago, corporate profits are now at an all-time record high of 10.1% relative to GDP. We've never seen anything like this.



http://scottgrannis.blogspot.com/2011/08/corporate-profits-are-fantasticwhats.html

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