Money and Finance
- Hussman Weekly Market Comment: Do Foreign Profits Explain Elevated Profit Margins? No.
Link to: Do Foreign Profits Explain Elevated Profit Margins? No.The bottom line is simple. Corporate after-tax profits as a share of GDP, GNP (or even net national product if one wishes to use that number) are steeply above historical norms. This fact...
- Capital Gains - American Profits Have Been High But The Trend May Not Last
NEVER mind the divide between Main Street and Wall Street. The big gap at the moment is between workers and corporations. Although unemployment remains stubbornly high and wage rises are hard to come by, corporate profits are taking a larger share of...
- In Cooling China, Loan Sharks Come Knocking
WENZHOU, China — The 300 employees of Aomi Fluid Equipment here were delighted recently when the owner offered an all-expenses-paid, two-day trip to a mountain resort three hours away. The owner, Sun Fucai — or Boss Sun, as he’s known — was so...
- From Ice Age To Hyper-inflation With Socgen Bear
(Reuters) - Three months ago, with the Federal Reserve nearing the end of its second major stimulus program and inflation pressures on the rise, Albert Edwards' bond market view stood out from the crowd. Societe Generale's famously bearish analyst,...
- End Looms For Era Of Cheap Chinese Labor
It feels like the end of an era. The spate of strikes and suicides that have rocked China’s southern manufacturing belt over the last fortnight could well go down as the moment that China stopped being a place of endless cheap labor. And for the economy,...
Money and Finance
For Business, Golden Days; For Workers, the Dross - By Floyd Norris
IN the eight decades before the recent recession, there was never a period when as much as 9 percent of American gross domestic product went to companies in the form of after-tax profits. Now the figure is over 10 percent.
During the same period, there never was a quarter when wage and salary income amounted to less than 45 percent of the economy. Now the figure is below 44 percent.
For companies, these are boom times. For workers, the opposite is true.
………………..
Related previous post: WSJ: Albert Edwards Has Another Reason You Should Worry About Profits
- Hussman Weekly Market Comment: Do Foreign Profits Explain Elevated Profit Margins? No.
Link to: Do Foreign Profits Explain Elevated Profit Margins? No.The bottom line is simple. Corporate after-tax profits as a share of GDP, GNP (or even net national product if one wishes to use that number) are steeply above historical norms. This fact...
- Capital Gains - American Profits Have Been High But The Trend May Not Last
NEVER mind the divide between Main Street and Wall Street. The big gap at the moment is between workers and corporations. Although unemployment remains stubbornly high and wage rises are hard to come by, corporate profits are taking a larger share of...
- In Cooling China, Loan Sharks Come Knocking
WENZHOU, China — The 300 employees of Aomi Fluid Equipment here were delighted recently when the owner offered an all-expenses-paid, two-day trip to a mountain resort three hours away. The owner, Sun Fucai — or Boss Sun, as he’s known — was so...
- From Ice Age To Hyper-inflation With Socgen Bear
(Reuters) - Three months ago, with the Federal Reserve nearing the end of its second major stimulus program and inflation pressures on the rise, Albert Edwards' bond market view stood out from the crowd. Societe Generale's famously bearish analyst,...
- End Looms For Era Of Cheap Chinese Labor
It feels like the end of an era. The spate of strikes and suicides that have rocked China’s southern manufacturing belt over the last fortnight could well go down as the moment that China stopped being a place of endless cheap labor. And for the economy,...