No Improvement in Corporate Profits Since 2012

by Mike ‘Mish’ Shedlock
Mish Talk

The BEA tells us today that Corporate Profits are down 1.1% from a year ago. Profits are below a level reached in 2012.

For 9 years corporate profits have gone nowhere. The same cannot be said about the stock market or earnings.

It’s a tale of two reporting methods.

Reported Earnings vs Taxes

For tax purposes, corporations want to look as bad as possible.

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