Pop! Went the Profit Bubble  

Oleh:

Tully, Shawn

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 159 no. 9 (May 2009), page 70.
Topik: America; Profits; Earnings; Losses; Financial Sector; Banks

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.39 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

America is getting used to the sound of bubbles bursting - the collapse of tech stocks in 2000, the blowup in corporate bonds that rumbled late last year, the housing debacle that's still resonating. Now it's official: The sumptuous profits America posted over the past few years weren't part of a new world order, but a bubble that, like the others, went out with a bang. And what a bang. It was just recently, in 2006, that Fortune 500 earnings reached an incredible, historic pinnacle that dwarfed all previous peaks. This year the group established another record, but in the opposite direction: It suffered by far the largest two-year fall in profits in the 55-year history of the list. Of course, corporate earnings always retreat after years of strong growth. That's the nature of the business cycle. As Fortune noted in its 500 issue in April 2007, "Sad to say, the historic rise won't continue." What's extraordinary is how quickly and brutally plenty turned to hardship, and how many idols of the boom saw their record earnings dissolve into staggering losses.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali