The S&P Index At 2900: The Biggest Wall Street/Fed Whopper Ever Told, Part 2

This bears repeating: During the 80 months between Q1 2012 and Q4 2018 the S&P index rose by 125%, but pre-tax corporate profits of $2.2 trillion (annual rate) did not rise by single dime. And it is the yawning gap between these two figures which dramatically underscores why main street America has flat-lined, even as Wall Street […]
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