There Is Only One Thing That Can Close The “The Widest In History” Profits Gap: Recession!

So if NIPA earnings can’t catch up to the S&P from the bottom, what is the alternative? According to BofA, it is a simple, one-word answer: recession.               https://www.zerohedge.com/geopolitical/there-only-one-thing-can-close-widest-history-profits-gap
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.