Earnings and Losses

Jump in Profits Leading to Sustainable Growth = Delusional Thinking

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In Brief...

A post at the Wall Street Journal's Real Time Economics blog suggests that " Within Tuesday's revisions to third-quarter gross domestic product - which showed real GDP grew at a 2.5% annual rate - the Bureau of Economic Analysis said last quarter's aftertax profits increased 28.2% from a year ago. (The BEA measures earnings across the whole economy, but the growth is on par with S&P 500 companies. With 15 companies still to announce, reported third-quarter S&P 500 earnings per share are up 32% from a year ago. ) The jump in profits is good news for jobseekers..

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