corporate profits

GDP Profits Hold The Answers To All Questions

By |2019-08-29T20:58:05-04:00August 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Revisions to second quarter GDP were exceedingly small. The BEA reduced the estimate by a little less than $800 million out of nearly $20 trillion (seasonally-adjusted annual rate). The growth rate therefore declined from 2.03502% (continuously compounded annual rate) to 2.01824%. The release also gave us the first look at second quarter corporate profits. Like [...]

More What’s Behind Yield Curve: Now Two Straight Negative Quarters For Corporate Profit

By |2019-05-30T16:10:18-04:00May 30th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The Bureau of Economic Analysis (BEA) piled on more bad news to the otherwise pleasing GDP headline for the first quarter. In its first revision to the preliminary estimate, the government agency said output advanced just a little less than first thought. This wasn’t actually the substance of their message. Accompanying this first revision was [...]

Corporate Profits Are In The Middle of the Only Debate Which Matters

By |2019-03-28T16:52:51-04:00March 28th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The BEA has completed its unscheduled departure from its release schedule. Due to the prior federal government shutdown, the government agency was only able to put together two estimates for Q4 2018 real GDP. The first had seemed to calm some fears that US growth was wobbly toward the end of last year, aligning uncomfortably [...]