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profits after tax

GDP Profit Revisions Really Highlight The Vulnerabilities

By |2019-07-26T18:12:50-04:00July 26th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You can see it in the GDP numbers, even before they were revised. Globally synchronized growth was always less impressive than what it was made out to be. It’s as true overseas as in the US. The upswing was endlessly hyped, but there was so much less behind it in reality. Reflation #2 was a whole lot better than Reflation [...]

Ending The Fed’s Drug Problem

By |2017-03-30T18:07:07-04:00March 30th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Gross Domestic Product was revised slightly higher for Q4 2016, which is to say it wasn’t meaningfully different. At 2.05842%, real GDP projects output growing for one quarter close to its projected potential, a less than desirable result. It is fashionable of late to discuss 2% or 2.1% as if these are good numbers consistent with a healthy economy. This [...]

The Significant If Intangible Costs of Positive #s

By |2016-11-29T12:53:41-05:00November 29th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Gross Domestic Product in the United States for the third quarter of 2016 was revised higher from the preliminary estimate of 2.86% to now 3.109%, which is to say there is once more no difference. That is true even in comparison to earlier this year where GDP was less than 1.5% in each of the three preceding quarters. It should [...]

Not Much To Headline GDP Revisions; Major Revisions Of Corporate Profits

By |2016-08-26T17:49:47-04:00August 26th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Second quarter 2016 GDP was revised slightly lower, from about 1.21% to just 1.09%. That changes nothing from the preliminary estimate, as real GDP has averaged now only 0.93% over the past three quarters since last summer’s major, global disruption. Since the FOMC declared risks “balanced” and heading toward “overheating” in late 2014, economic growth as measured by GDP has [...]

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