“Corporate profitability is not translating into widespread economic prosperity. Five years after the official end of the Great Recession, corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery.While the top 0.1% of income recipients—which include most of the highest-ranking corporate executives—reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. The allocation of corporate profits to stock buybacks deserves much of the blame.”Harvard Business Review, Profits Without Prosperity
Non-Farm Payrolls tomorrow.
Fundamentals do not matter to The Bucket Shop, in either direction.
It is all about the game, and keeping it going, while placating the money masters.
The game is the thing.
Have a pleasant evening.
