Corporate profits are being sold as a sign of economic strength — but Zero Hedge says not so fast. They quote a Bank of America report which says, “The decline in corporate profits is indicative of weaker aggregate demand and a drop in productivity.”
Hang on tight.
Steve launched VodkaPundit on a well-planned whim in 2002, and has been with PJ Media since its launch in 2005. He served as one of the hosts of PJTV, a pioneer in internet broadcasting. He also cohosts "Right Angle" with Bill Whittle and Scott Ott at BillWhittle.com. He lives with his wife and sons in the wooded hills of Monument, Colorado, where he enjoys the occasional adult beverage.
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