Corporate Profits Set a Record in the Third Quarter
Filed under: India , China , Economic Data , Recession , Financial Crisis Our economy has all the earmarks of schizophrenia. We have unemployment at 9.6% with little chance of a turnaround any time soon. But at the same time, corporate profits set a record in the third quarter at $1.659 trillion, on a non-inflation adjusted basis, according to the Commerce Department, as reported in the New York Times . Corporate profits reached a cyclical low in the fourth quarter of 2008. Since then they have grown for seven consecutive quarters. As a share of GDP, corporate profits account for 11.2% of total output. How did corporations manage to do so well? One reason is productivity growth — being able to do more with less. Another reason is that multi-nationals are benefiting from expanded sales from emerging markets like China and India. Continue reading Corporate Profits Set a Record in the Third Quarter Corporate Profits Set a Record in the Third Quarter originally appeared on BloggingStocks on Wed, 24 Nov 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments
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Corporate Profits Set a Record in the Third Quarter
Tags: commerce, corporate profits, economic-data, financial crisis, from-expanded, inflation, profits-reached, recesssion
