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Wall Street Declares The Great Profit Margin Boom Is Finally Over
From the article: Many have called the current bull market and economic recovery a "balance sheet recovery" that has seen companies repair balance sheets by, again, cutting costs, and engaging in financial engineering to boost earnings and stock prices.
This behavior has fed the ever-growing profit margins gains.
But if this trend is faltering, and companies start investing in their actual businesses rather than just their financial statements, then maybe we can drop "balance sheet" from the word "recovery."
"...the result of corporate leaders extracting profit by suppressing wages, creating, "a country of a few million overlords and 300+ million serfs."
