U.S. Corporate Profit Margins Must Go Down: Goldman Sachs
After-tax profits as a share of GNP in the U.S. will drop to 8.2% by 2017, largely due to further tightening in the labor market and accelerating wage growth, reports Goldman Sachs. Jan Hatzius and colleagues note in their March 5 research note titled "Corporate profit margins: What goes up must come down” that declining profit margins have often presaged a recession in the past.
U.S. corporate profit margins steadily declining
Hatzius and team point out that U.S. corporate profit margins . . .
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