Report
US: a crisis that underpins corporate profits!
We knew that the COVID-related recession had made US households richer on average, it also boosted corporate profits. According to the national accounts, they hit a new high in Q3 2020. This was not the outcome we would expect from an economy still marked by the pandemic, but thanks to exceptional public transfers, businesses were able to absorb the shock. In return, this averted a deterioration in credit and kept investment projects viable. This support is now weakening, which c...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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