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Tag Archives: corporate profits
The Second and Final Gilded Age
The Second and Final Gilded Age New data shows that the total wealth of the top 1% of Americans just hit a record $44 trillion. Corporate profits are also hitting record highs, raking in $2.8 trillion in the last three months of 2023 alone. And that’s after taxes. It won’t surprise you to hear, given these massive numbers, […]
See You on the Dark Side of the Moon
SEE YOU ON THE DARK SIDE OF THE MOON And if the cloud bursts thunder in your earYou shout and no one seems to hearAnd if the band you’re in starts playing different tunesI’ll see you on the dark side of the moon Brain Damage, Pink Floyd And if the dam breaks open many years […]
We Are All Hostages of Corporate Profits
We Are All Hostages of Corporate Profits We’re in the endgame of financialization and globalization, and it won’t be pretty for all the hostages of corporate profits. Though you won’t read about it in the mainstream corporate media, the nation is now hostage to outsized corporate profits. The economy and society at large are now […]
Bad — But Better Than What’s Coming
Bad — But Better Than What’s Coming Talk about diminished expectations. This morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which is odd, considering that for most of the past century a number this low would have been seen as weak enough to require emergency action. And that’s just […]
Are We Entering an Earnings/Sales Recession?
Are We Entering an Earnings/Sales Recession? Are corporate profits due for a retest of the lower channel line? If so, what happens to equity valuations when corporate profits plummet? Is the U.S. economy in recession? Is it heading for recession? These questions can only be answered in hindsight, but it’s worth looking for clues to what […]
Falling Interest Causes Falling Profits
FALLING INTEREST CAUSES FALLING PROFITS Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested capital. If MacDowell’s is thinking […]
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession Here we go again. The dying legacy media will continue to support the status quo, who provide their dwindling advertising revenue, by papering over the truth with platitudes, lies, and misinformation. I have been detailing the long slow death of retail in America for the […]
It’s Official – UK Admits “Human Rights” No Longer a Priority of British Foreign Policy
It’s Official – UK Admits “Human Rights” No Longer a Priority of British Foreign Policy Not that they ever were, but they’ve finally decided to be explicit about it. Which to be honest, is pretty scary. From the Independent: Human rights are no longer a “top priority” for the Government, Britain’s most senior Foreign Office official has […]
How Fascist Capitalism Functions: The Case of Greece
How Fascist Capitalism Functions: The Case of Greece There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented […]
