Profits after tax are growing more slowly (click on graph to enlarge).
This trend has negative implications for the economy and for the stock market. Time will tell.
Question: will the Fed allow short-term interest rates to rise when profitability is reflecting a serious slowdown? I doubt it.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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