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Interestingly, the article doesn't look at its own chart carefully. When economy is booming, everyone becomes an expert in everything. Companies which have no b
by thisisit 7y ago
Interestingly, the article doesn't look at its own chart carefully. When economy is booming, everyone becomes an expert in everything. Companies which have no business existing or entering certain segments do anyways because - why not? They need to earn yields above and beyond the market normal.
When there is a recession, many companies are wiped out and/or acquired, thereby reducing the overall tax numbers.
Honestly, all these articles bemoaning current state of the market tell me that we might be nearing a high.