Tag Archive for Corporate Profits

Earnings Death or Taxes

Weak corporate tax collections in the first quarter and through April 11 could mean that many quarterly earnings reports may surprise the market by failing to meet analysts’ inflated expectations. Either corporate profits are falling sharply or else corporations have suddenly become much savvier about offshoring income and avoiding taxes. While they may be getting…

Bernanke’s Narcissistic Swill- Professional Edition

The Treasury began to pay off the weekly $25 billion in SFP CMBs this week resulting in a net paydown of $12 billion at Thursday’s bill settlements. That was a bullish influence on stocks as expected, but indirect bid data suggests that the FCBs weren’t all that aggressive in their bidding at the regular bill…