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Numbers published by the Federal Reserve a few weeks ago show that corporate profit margins have just hit record levels. Indeed. Andrew Smithers, the well-regarded financial consultant and author of "Wall Street Revalued," calculates from the Fed's latest Flow of Funds report that corporate profit margins rocketed to 36% in the first quarter. Since records began in 1947 they have never been this high. The highest they got under Ronald Reagan was 30%.

Are you seeing any of that? Assuming you've got a job?


Didn't think so.

No votes yet


lizpolaris's picture
Submitted by lizpolaris on

Meantime management gets to explain why hardly anyone has gotten raises in the last decade and for some reason the company can't afford to raise salaries. Gee, I wonder who's cashing in while employees are essentially getting pay cuts, since cost of living continues to rise. But we should all feel so lucky to even have jobs since offshoring continues at a brisk pace. I love midyear.

Aeryl's picture
Submitted by Aeryl on

I can say we are a little better than we were a year ago, but we aren't seeing record profits I can tell you that.