The BEA released corporate profits for Q3 2013 along with GDP and anyway you slice it, corporate profits are soaring to the stratosphere. Corporate profits after tax increased 2.8% from Q2 2013 to $1,871.7 billion. Corporate profits after tax are also up 5.8% from a year ago.
The BEA released corporate profits for Q2 2013 along with GDP. Corporate profits after tax increased 2.6% from Q1 2014 to $1,830.4 billion. Corporate profits after tax are also up 5.8% from a year ago. Corporate profits as a percentage of GDP are at an all time high and after tax profit margins per unit are also soaring to the stratosphere.
The BEA released corporate profits for Q3 2012 along with the GDP. Corporate profits after tax shot up 5.2% from Q2 2012 to $1,752.2 billion. Corporate profits after tax are also up 18.6% from a year ago.
The BEA released corporate profits for Q2 2012 along with the GDP. Corporate profits after tax declined -1.4% from Q1 2012 to $1,648.3 billion. Corporate profits after tax are also up 13.3% from a year ago.
With the release of Q2 2012 GDP, we had a slew of shocking revisions, going back all the way to Q1, 2009. How can this be? How can gross domestic product be wrong, three years after the fact? Below is the original GDP reported (blue) and the new with revisions (red).
The BEA released corporate profits for Q1 2012 along with the GDP. Corporate profits after tax are through the stratosphere, up 10.1% from Q4 2011 to $1,644.9 billion for Q1 2012. Corporate profits after tax are also up 13.1% from a year ago.
The Q3 2011 Federal Reserve's flow of funds report is more bad news for Americans, plus holds some obscene statistics from corporate America. Household wealth dropped a record $2.4 trillion dollars in three months, 4.1%, and is down about 13% from 2007.
The BEA released corporate profits for Q3 2011 along with the Q3 2011 GDP, 2nd revision. Corporate profits increased $39.8 billion to $1.9774 trillion. While GDP is anemic, and we're desperate for 12 million jobs right now, corporate profits are at all time nominal highs.
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