Thursday, September 7, 2017

Quote of the Day: Again, be careful what you ask for!

Scott Grannis points out how important trade is to your portfolio's bottom line (NIPA is "a measure of profits based on information supplied to the IRS"):
Since the end of 2001, NIPA profits have almost doubled (+185%), while nominal GDP has increased by only 80%.
Over the years I've argued that this is at least in part due to globalization. Large and successful US corporations have been able to generate a much higher level of profits by selling into the rapidly expanding global market. Global GDP has increased 125% since 2001.

No comments:

Post a Comment