No. of Recommendations: 6
I can find usually something useful in their commentaries...A random example of a useful nugget, I like this recent chart from Mr Hussman (despite his hair). A great one-glance illustration of the recent US profitability expansion.
hussmanfunds.com - Wp contentReal corporate value added has continued more or less along the same old long run trend, as have real sales, but real earnings have represented a varying fraction of those two. Net profits have risen faster than sales or GVA lately as interest and taxes have become smaller relative to the value-added pie. This rise in net margins is mostly because interest rates and tax rates have simply been lower--that's the only gap between the red and blue lines on the graph.
Jim
