Link to the graph: http://research.stlouisfed.org/fred2/series/CP
"American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
Corporate profits have been doing extremely well for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history."
Link to above quote: http://www.nytimes.com/2010/11/24/business/economy/24econ.html?_r=1&hp
Five year view of above graph:
Tags: Corporate profits
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