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That is untrue. Corporate profits exploded shortly after the pandemic began. https://fred.stlouisfed.org/series/CP https://fred.stlouisfed.org/series/CP
by smt88 5y ago
That is untrue. Corporate profits exploded shortly after the pandemic began.
https://fred.stlouisfed.org/series/CP https://fred.stlouisfed.org/series/CP
- missedthecue 5y agoHe said margins. Your link doesn't refute his point.
- smt88 5y agoMy link does refute that point because it considers corporate profits as a percentage of GDP. That factors in costs, not just revenue, because paying employees (or buying supplies) is part of GDP. Here's a link that also shows profit margins going up a lot: https://www.bea.gov/data/income-saving/corporate-profits https://www.bea.gov/data/income-saving/corporate-profits
- VirusNewbie 5y agoThat word doesn't mean what you think it means.