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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).

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  •  
    Green shoots are now flowering, but many are blind.
    Jun 26 09:06 AM | Link | Reply
  •  
    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 | Link | Reply