The preliminary estimate for corporate profits in the second quarter were released this morning and showed a rebound from the abysmal first quarter profits. Looking at after-tax profits with inventory and capital consumption adjustments, corporate profits 8.4% quarter-over-quarter AR which is the largest gain in three...
US corporate profit margins are at their second highest level ever at 10.14%. The highest level was reached in the 4Q11 when profit margins spiked to 10.27%. 4-year annualized growth of profits have slowed from 19.4% to 10.1% in just three quarters....
With the Yen having fallen below 100, it is important to understand some of the consequences. Over the last 25 years, a structurally rising Yen has been good for US profit margins....
We received a question today regarding the usefulness of the Shiller P/E. For starters, it has a wonderful long-term history. There aren’t many series where we have 130 years of history....
