It seems like there are a lot of fat cats out there when many families are struggling just to get by, doesn’t it? It is understandable why so many Americans feel this way. I mean, the numbers are what the numbers are, right?
The biggest problem with any discussion about corporate profits is folks ordinarily include totals from foreign subsidiaries when discussing them. While still profit, this type of commingling kind of clouds the issue. After all, U.S. companies make a lot more money overseas than previously, and it isn’t close. (Read the full article as previously published in the Montgomery Advertiser Sunday Nov 8th…)
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.