NIPA Profits Stories

(1) Q2 corporate profits were both up (as reported to IRS) and down (on cash-flow basis). (2) Most profit measures bottomed at the end of 2015. (3) Cash flow stalled, but at record high. (4) Dividends stalled, but at record highs. (5) Profits receipts from abroad have stopped falling. (6) Forward earnings and revenues at record highs. (7) Profits’ share of National Income is down as workers’ share increases. (8) Profit margins holding up better for large companies (like S&P 500) than smaller ones.