US Q2 corporate profits fell 3.4 pct

Biz.Yahoo/Reuters ^ | August 28, 2003

[Starwind]

US Q2 corporate profits fell 3.4 pct
Thursday August 28, 8:33 am ET

 WASHINGTON, Aug 28 (Reuters) - Commerce Department
estimates of profits by U.S. corporations, with comparisons.
 Profits before tax include inventory valuation and capital
consumption adjustments. Data are seasonally adjusted.
 Percent changes from preceding period:
.                      Q2'03   Q1'03   2002
 After Tax              -3.4    3.8    -4.0
 Before Tax             10.8    2.6     7.6
 Tax Liability          -1.6    6.9     7.0

[Starwind]

Corporate Profits are included in the DoL preliminary GDP report at CORPORATE PROFITS: SECOND QUARTER 2003 (PRELIMINARY)

[Starwind]

Fyi...

[Brian S]

STOP THAT!!! I was having a good wank with all this "good news" this morning. Money babe on CNBC is all "giddy" this morning. :)

[Beck_isright]

Now you've done it, you've posted negative economic data. You'll be horsewhipped by the Bbots now.

[arete]

Repeat 10 times hourly --

"I will only do and say as I am told."

That ought to do it.

Richard W.

[Starwind]

Now you've done it, you've posted negative economic data. You'll be horsewhipped by the Bbots now.

Never happen. We don't make horse whips anymore - those jobs left decades ago and the free traders were glad to see 'em go.

[FITZ]

We don't make horse whips anymore

Yes --- the free-traders saw we did so well after we stopped making horse whips, that we'd do better yet if we stopped making everything.

[LS]

Hmmm. To me, it looks like the culprit here is taxes. The Before taxes category was pretty good.

[Beck_isright]

"Hmmm. To me, it looks like the culprit here is taxes. The Before taxes category was pretty good."

Taxes have always been one of the culprits. But no one cares. The corporations "deserve" to be taxed heavily according to many. We've turned our little bastion of capitalism into the most unfriendly of nations to do business in. But too many are blinded by the bs to see the truth.