S&P 500 earnings (blue line) have been rising despite the continued decrease in capacity utilization (gold line).
Earnings vs. Capacity Utilization
Source: Chart of the Day
This excess capacity is the hangover from the massive over-investment in tech and telecom during the 90s bubble.
Gains in Wages Expected to Give Economy a Lift
Quote of the Day:
“The world economy is volatile enough without a loose cannon at the U.S. Treasury.” -Paul Erdman
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.