Bye, Bye Booming Profits: The BEA Just Revised Them Away!

……benchmark revisions had shaved a significant amount from them to begin with. The corporate situation is therefore wildly out of tune with anything like a strong economy. In fact, the new benchmark data and even the latest estimates for the second quarter finally suggest the background behind the BLS’ recent revisions to the labor market data.

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=339983&preview_id=339983&preview_nonce=1359407a84&preview=true