corporate profits

05 Sep

No One Knows What To Do

By Walter | 1 comment

1

Last week, reporting on the latest meeting of the US Federal Reserve Bank, NY Times reporter, Catherine Rampell, opened her story with this line: “No one knows what to do to fix the economy.”

How frightening is that? The US and the rest of the world are being sucked into a vortex of political, economic and social chaos and no one knows what to do!

In his NY Times column this morning, the liberal Nobel economist, Paul Krugman, noted that

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22 Apr

Good News on Good Friday

By Walter

Here are some excerpts from this morning’s New York Times:

“The chip maker Advance Micro Devices topped earnings expectations for the quarter.”

“GE posts earnings that exceed forecasts.”

“McDonald’s profit is up.”

“DuPont tops forecasts; profit up 27%.”

“Blackrock earnings increase 34%.”

“Real estate helps profit increase 58% at Blackstone.”

“Xerox reports rise in profit and revenue.”

And the NY stock market hit a 33-month high!

What does all this good news mean?

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