Why US corporate profits must fall in 2022/23 according to the Kalecki-Levy formula
Автор: Portfolio Matters
Загружено: 2022-09-28
Просмотров: 609
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In this brief podcast I discuss the Kalecki-Levy formula:
Corporate profits = Fiscal deficit + household deficit + current account balance
or
Corporate profits = government balance + household balance + external balance
Therefore as the US fiscal balance falls back to more normal levels after extraordinary pandemic expenditures, so corporate profits must also fall. A full discussion of the Kalecki-Levy formula can be found here: https://nathantankus.substack.com/p/w...
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