It's almost as if an evil force that had been intentionally-harming the U.S.A. was ejected some six months ago. Crazy, I know.....
Posted on 07/31/2017 1:58:03 AM PDT by abb
America’s largest companies are on pace to post two consecutive quarters of double-digit profit growth for the first time since 2011, helped by years of cost-cutting, a weaker dollar and stronger consumer spending.
Earnings at S&P 500 companies are expected to rise 11% in the second quarter, according to data from Thomson Reuters, following a 15% increase in the first quarter. Close to 60% of the firms in the index have reported second-quarter results so far.
Even as activity inside the Beltway bogged down, the markets have been on an almost nonstop rally since the election. The S&P 500 is up 16% since early November and 10% this year.
The second-quarter profit gains are spread across industries from Wall Street banks to Detroit’s car factories to Silicon Valley’s software labs. Earnings are expected to decline only in the utilities sector, according to data from Thomson Reuters.
Several factors are at work, analysts and economists say. A weaker dollar has made it easier to sell U.S.-made goods overseas and has kept borrowing costs low. U.S. wages have improved enough to help bolster consumer spending without raising employer labor costs so much to dent the bottom line.
snip
(Excerpt) Read more at wsj.com ...
What changed about two quarters ago?
CNBC’s Joe Kernan commented a couple of weeks ago that the change was there now was an administration in office that didn’t “waterboard” the business community continually.
Winning. Go Trump!
Happy days are here again...
Now you know why the private sector is in NO hurry to see Trump impeached and would probably fight against it should it ever happen.
Yeah but if they created a business, they didn’t do that, someone else did that for them, that’s why the government must destroy them.
Putin took over the US. / bitter sarc
Gee Obama! Thanks for driving our economy into the $h!tter!
Makes it easy for Trump to MAGA.
Take that Juan McCain.....................
Exactly - yet he still had millions of adoring idiots - and still has - SMH.
Isn’t it amazing the absolute frothing at the mouth vile hatred Trump gets every single day, yet when that dirtbag Obama insulted every business owner in this country he hardly got a peep. I know people who worked their butts off for years, decades really to get a successful business, 7 days a week, 12 - 14 hours a day, nobody helped them. One guy I know was supporting a wife and 4 kids while getting his roofing business going, he use to work ALL the time, and here comes this elitist d-bag who’s had his arse kissed all his life telling them “Hey, that’s not your business, you didn’t do that. Someone else did that for you”. There is not a middle finger big enough to give towards that mo fo. And BTW, Trump was in that same boat. He could have taken daddys money and blown it like a typical kid of a rich liberal, but instead he busted his ass, worked non stop, took risks, and because of that he became a success. He still busts his ass, I never in my life seen a guy who works as hard as him. THAT is why he won the election. While Hillary was sitting on her butt arrogantly thinking she would easily win, Trump was out there every day for months on end giving endless interviews and rallies, sometimes 4 rallies a DAY and how do liberals treat that hard work? “Oh you didn’t do that, the Russians did it for you”.
[Isn’t it amazing the absolute frothing at the mouth vile hatred Trump gets every single day]
Yes, especially at Yahoo. It is crawling with liberal scum. Which is what Yahoo has become, of course. It’s nothing but DU and Puffington Host - yes did that on purpose.
Many of us know all-too-well the damage inflicted on the country under the Manchurian Candidate Obama. We will never forget it, either.
I’ll say it quite plainly - liberals are going to be the death of this nation.
And they demonstrate it every single day.
They put their foot on the gas electing The Manchurian Candidate Barack Hussein Obama in 2008.
Not that we had good choices with Crazy Democrat John McCain.
sigh
Or Phony-baloney rino Mitt.
I had to vote for him lest we get a 2nd term of The Manchurian Candidate Barack Hussein Obama.
But yeah, him and Ryan.
I’m not sure even those two liberals would have given the Internet away, though.
Well put, Jedi Master.
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