What's the Source of the Astounding 50% Boost in Corporate Profits?
No wonder Corporate America added $1.2 trillion in profits to be distributed to the elites of America: everything is diminished, stripped of quality and rendered miserable.
One of the most extraordinary economic marvels of the past decade is the astounding 50% leap in corporate profits, from $2.4 trillion (pre-tax) pre-pandemic lockdown to $3.6 trillion (pre-tax) in the years since the lockdown ended.
Strangely, few seem to ask the source of this astounding 50% leap. Wall Street has certainly cheered this vast increase, but…
