Wednesday, April 13, 2016

Extend And Pretend To the End: It's Just Easier To Fake it...

Central planners are attempting to artificially extend the business cycle. EconoDunces unanimously believe they can do it...

The widespread delusion we live under is that if interest rates never rise then the "expansion" can go on forever. It would be the first indefinite expansion in world history. 

Corporate profits % of GDP:

Inventories - sales

GAAP (Real) Profits