Corporate Profits have been outpacing as a % of Real GDP thanks to excessive deficits, ZIRP and QE for at least 2 decades. This massive run has not been without its corrections. Once in 2008 to 2009 and once in 2014 to 2016. One led to a severe recession when CP dropped 63% the other a sideway market in SP500 with market drawdown of nearly 20%. We are about to...
This chart here shows Personal income, PCE, Corporate profits and Consumer credit securitized and outstanding. Here is your wealth gap. The urge for MOAR profit will be our undoing In my humble opinion.
This MMT stuff printing for the people's economy is wonderful! We ought to have more recessions!