Before You Get Too Excited About Today’s GDP Revision…

Quarterly Corporate Profits Before Taxes down 5.75% year over year, and down 7.11% for the last four quarters year over year.

Quarterly Corporate Profits AFTER Taxes down 7.82% year over year, and down 5.48% for the last four quarters year over year.

That says it all.

This entry was posted in Economy, Federal Reserve, Finance, Politics, Taxes by EJ Moosa. Bookmark the permalink.

About EJ Moosa

EJ Moosa believes that a smaller government is a more efficient government. He believes that better analysis leads to better solutions. A graduate of Georgia State University In Business Administration, EJ grew up in Cobb County,GA, graduating from Osborne High School and worked at several Atlanta companies including First Atlanta, IBM, and Six Flags over Georgia.

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