The Problem with Profits
from Notes on the Week Ahead Hosted by Dr. David Kelly
The Tax Act of 2017 was a bit like a pair of speedy running shoes for U.S. corporate earnings. It allowed for a short-run burst of strong year-over-year gains. However, since the start of this year, these gains have plateaued and earnings growth is likely to be very slow going forward.
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This episode was published on October 21, 2019.
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