The S&P Index at 2900: The Biggest Wall Street/Fed Whopper Ever Told, Part 3
• By David Stockman David Stockman's Contra CoWe have been cogitating on the gross anomaly of our time: Namely, the fact that pre-tax corporate profits of $2.2 trillion (annual rate) posted for Q4 2018 were actually a tad lower than they were 7 years ago in Q1 2012, yet the S&P 500 has gained 12