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By David Stockman David Stockman**Q**s Contra Co

We have been cogitating on the gross anomaly of our time: Namely, the fact that pre-tax corporate profits of $2.2 trillion (annual rate) posted for Q4 2018 were actually a tad lower than they were 7 years ago in Q1 2012, yet the S&P 500 has gained 12

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https://www.zerohedge.com

Update (10:25amET): The troubling trend of Reps using their time to castigate the CEOs instead of asking questions continued with California Rep. Brad Sherman. He questioned the CEOs about 'forced arbitration' after declaring "too big to fail is too

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