A Wealth Transfer from You to CrimethInc: U.S. Companies are Thriving from the Plandemic
/From [HERE] Nearly two years after the coronavirus pandemic brought much of the U.S. economy to a halt, public companies are recording some of their best ever financial results.
Profit growth is strong. Most companies’ sales are higher than where they were before Covid-19—often well above. The liquidity crunch many feared in 2020 never materialized, leaving companies with sizable cash cushions. The stock market ended 2021 near record highs and far fewer public companies filed for bankruptcy in 2021 than in the years before the pandemic.
“At the start of the pandemic, if you asked us to look forward, I don’t think we would have expected this outcome,” said Brian Kloss, a portfolio manager for Brandywine Global, a unit of Franklin Resources Inc. that manages about $67 billion in assets. “This has been very different than any other cycle we’ve seen.” [MORE]