IS A WORLD-WIDE SOVEREIGN DEBT CRISIS BREWING?

This article was originally going to have a much narrower focus but I decided to include an analysis of the latest profitability figures issued by the BEA for US corporations on Thursday. Like GDP which fell during the quarter, so too did profits, reversing the trend in peak profits, and adding to the overall assessment of a brewing debt crisis.

I have updated the spreadsheet below. Please pay particular attention to the Graph which compares two Marxian Rates of Profit.