The Mirage Of US Corporate Cash And Earnings: 3 Myths DebunkedVW Staff
If stories of massive corporate cash chests and fast-clip earnings growth at US companies have lulled you into believing the economic recovery is for real, here’s a wake-up call from the SocGen Global Quant Research team.
“US profits are not growing, companies are not underinvesting (they may in fact have overinvested), and corporates are carrying more (not less) net debt than they were in 2009. It would appear that many believe the opposite to be true, yet corporate report and accounts data . . .
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