Charles Hugh Smith's Substack

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Charles Hugh Smith's Substack
What's the Source of the Astounding 50% Boost in Corporate Profits?

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.

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Charles Hugh Smith
Jan 08, 2024
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
What's the Source of the Astounding 50% Boost in Corporate Profits?
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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…

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