Bridgewater warns of peak U.S. profit margins, lower stock prices

Reuters/Jennifer Alblan/4-17-2019

“‘Over the last two decades, U.S. corporate profit margins have surged and have contributed more than half of the excess return of equities relative to cash,’ said Bridgewater, which oversees more than $160 billion in assets. Without that consistent expansion of margins, U.S. equities would be 40% lower than they are today.’”

USAGOLD note:  A 40% decline would put the Dow Jones Industrial Average at just under 16,000 and quite possibly ignite a financial crisis.

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