The BEA released corporate profits for Q3 2013 along with GDP and anyway you slice it, corporate profits are soaring to the stratosphere. Corporate profits after tax increased 2.8% from Q2 2013 to $1,871.7 billion. Corporate profits after tax are also up 5.8% from a year ago.
The Q2 2013 Federal Reserve's flow of funds report shows household net worth increased $1.5 trillion to $74.8 trillion in Q2 2013 and hit another record high. The thing is, magically household net worth was boosted up by unfunded pension funds. Nice huh, to have an increase in wealth that Americans do not actually have?
The BEA released corporate profits for Q2 2013 along with GDP. Corporate profits after tax increased 2.6% from Q1 2014 to $1,830.4 billion. Corporate profits after tax are also up 5.8% from a year ago. Corporate profits as a percentage of GDP are at an all time high and after tax profit margins per unit are also soaring to the stratosphere.
The Q1 2013 Federal Reserve's flow of funds report, released June 6th, shows a select few gained handsomely in wealth and corporate cash is once again at record highs. Household wealth , increased $3 trillion to $70.35 trillion in Q1 2013. This is a 19% annualized increase from Q4, above 2007 levels and a record high.
The Q3 2012 Federal Reserve's flow of funds report shows a select few gained handsomely in wealth. Household wealth increased $1.7 trillion to $62.67 trillion in Q2 2012. The gains were in stocks, $524.4 billion worth, mutual funds by $282 billion and real estate values increased.
The BEA released corporate profits for Q3 2012 along with the GDP. Corporate profits after tax shot up 5.2% from Q2 2012 to $1,752.2 billion. Corporate profits after tax are also up 18.6% from a year ago.
An item on the CBS Evening News caught my attention. I wasn't able to find the story on the cbsnews.com site but here it is on CNN -- http://www.cnn.com/2009/US/03/31/bridge.microsoft/index.html under the title "Critics slam Microsoft bridge as waste of stimulus money".
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