March 24, 2017

Corporate Profits Report Incomplete

Even though today’s report on corporate profits in the 2nd Quarter [.pdf] did not break the record for the most profitable Quarter in history, it is likely to become exactly that. Notice in the picture below that 18 of the 24 components involved with the calculation for domestic industries was not included in the Commerce Department’s first report on corporate profits for the 2nd Quarter. As a result, when the second report on corporate profits for the 2nd Quarter is published on September 30th, it will likely include these 18 missing components and establish the 2nd Quarter as the most profitable quarter on record for corporations – surpassing the 3rd Quarter of 2006 that saw $1.655 trillion in corporate profits.

Where are the 18 other components of domestic industries?

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