The bottom line is that the US profits margin cycle has begun to turn down at long last (see chart below), said Edwards. It is doing so from elevated but not unprecedented levels especially the non- financial part of the economy (my former colleague Leo Doyle always told me I had to add depreciation into the profits numerator as the denominator GDP was also measured gross of depreciation i.e. the G in GDP!). Read more: businessinsider/financial-advisor-insights-june-3-2014-6#ixzz33dn8OLhw
Posted on: Wed, 04 Jun 2014 04:19:21 +0000
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