Markets near all-time highs, but consumer confidence at recessionary levels.
While corporate profits are at all time highs.
But as this Bernstein research piece notes, the bulk of this high earnings level is a result of (1) low interest payments due to the Fed keeping rates near zero and (2) low depreciation due to low capital investment.
While corporate profits are at all time highs.
But as this Bernstein research piece notes, the bulk of this high earnings level is a result of (1) low interest payments due to the Fed keeping rates near zero and (2) low depreciation due to low capital investment.
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