Corporate Profits Increased in Q1, the Largest in 3 Years

The BEA reported yesterday that corporate profits (data here) increased in the first quarter of 2009 by $128 billion, the largest quarterly increase in more than three years, and the first quarterly increase in more than a year, following 4 consecutive quarterly decreases (see chart above).

Comments

[CLH:]

Green shoots are now flowering, but many are blind.

Jun 26 09:06 AM

[John Lounsbury:]

The author neglects to mention that the profit loss year-over-year was nearly $300 billion (1Q/2008 to 1Q/2009).

Jun 26 09:11 AM