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blazespinnaker
08-08-06, 07:27 AM
Workers at more than 1,200 stores will see their paychecks grow by an average 6 percent


Oh, hmm...

http://biz.yahoo.com/ap/060808/wal_mart_pay.html?.v=5

blazespinnaker
08-08-06, 08:35 PM
Interesting:

McCulley from Bloomberg:

Corporate profits are at a 50 year high and it has been said in the congress "It's ok for the average american to see an increase in his real income reflecting his real productivity and that is not something the fed needs to stamp out. That over time, labor and capital share in the fruits of productivity."

It does imply that growth in corporate profits are going to slow very meaningfully.

Spartacus
08-27-06, 08:59 AM
Around 1 year ago (IIRC) I read about but never could find an Andrew Smithers study that found corporate cash was actually very, very, VERY low.

So I don't know how to take this assertion, that I've seen all over the place.


Interesting:

McCulley from Bloomberg:

Corporate profits are at a 50 year high and it has been said in the congress "It's ok for the average american to see an increase in his real income reflecting his real productivity and that is not something the fed needs to stamp out. That over time, labor and capital share in the fruits of productivity."

It does imply that growth in corporate profits are going to slow very meaningfully.

jk
08-27-06, 12:23 PM
Interesting:

McCulley from Bloomberg:

Corporate profits are at a 50 year high and it has been said in the congress "It's ok for the average american to see an increase in his real income reflecting his real productivity and that is not something the fed needs to stamp out. That over time, labor and capital share in the fruits of productivity."

It does imply that growth in corporate profits are going to slow very meaningfully.

corporate profits as a % of gdp are a mean reverting series, now at the top of its channel. hussman has written about this frequently.