zerohedge.com / By Tyler Durden / November 19, 2012, 14:56
Corporate profits have been boosted unusually in recent years by fiscal support to the economy, the very heart of the risk posed by ‘the cliff.’ The national savings rate fell while private savings rebounded during the recession and ‘recovery’ to date.
The incremental demand created by large budget deficits came with very limited business costs, unusually boosting profit margins – as is eminently clear from the chart below…
