December 19: Daily Contrarian Reads

Why Corporate Profits Have Peaked Two decades later, Friedman’s warning is as timely as ever. Earnings are again in the stratosphere: Consider that in the second quarter, corporate profits in the U.S. were equal to 9.5% of GDP vs. the long-term average since 1950 of 6.6%. And Wall Street analysts are forecasting that cumulative earnings […]
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