(1) Nonfinancial corporations have record cash flow. (2) Q3 could be third quarter of 3% growth in real GDP. (3) Depreciation expense is a great tax shelter. (4) NFCs’ effective tax rate has been around 21% for a while. (5) No dearth of capital spending. (6) Lots of bond issuance, buybacks, and dividends. (7) More taxing matters. (8) Movie review: “Darkest Hour” (+ +).
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