Corporate Profits have been outpacing as a % of Real GDP thanks to excessive deficits, ZIRP and QE
for at least 2 decades. This massive run has not been without its corrections. Once in 2008 to 2009
and once in 2014 to 2016. One led to a severe recession when CP dropped 63% the other a
sideway market in SP500 with market drawdown of nearly 20%.
We are about to go through one of those corrections and markets are already collapsing before
corporate profits even begin to show weakness. This is cause for great concern.
for at least 2 decades. This massive run has not been without its corrections. Once in 2008 to 2009
and once in 2014 to 2016. One led to a severe recession when CP dropped 63% the other a
sideway market in SP500 with market drawdown of nearly 20%.
We are about to go through one of those corrections and markets are already collapsing before
corporate profits even begin to show weakness. This is cause for great concern.
Real Macro Economic Investing
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