An ominous surge in profitability
Corporate profits are now at record levels as a percentage of the U.S. economy. Mind you, profits also looked exceptionally healthy in 1929. (After-tax adjusted profits as a percentage of gross domestic income)
Corporate profits are now at record levels as a percentage of the U.S. economy. Mind you, profits also looked exceptionally healthy in 1929. (After-tax adjusted profits as a percentage of gross domestic income)
