Sunday, June 3, 2018

All 1,820 US Companies With March 2018 Quarter Ends and With Stock Market Caps Above $1 Bil Generated Total US GAAP Pretax Income of $400.6 Bil in the March 2018 Quarter, the First Full Quarter of the Trump Tax Cuts Act, an Increase of 11.6% Above That in Their March 2017 Quarter ........................................................................................ The Two Main Drivers of This 11.6% Earnings Growth Were the Texas Oil & Gas Companies and the Northern California Technology Software and Services Companies, Which Both Experienced Total Pretax Income Growth of a Blistering 67% ........................................................................................ Excluding the 96 Texas Oil & Gas Companies, the Total US Pretax Income Growth Drops From 11.6% Down to 9.2%, and Also Excluding the 46 Northern California Technology Software and Services Companies Brings Down the Total US Pretax Income Growth Further to 6.9%, and When the 76 New York City Metro Area Financial Companies (Total Earnings Up 22%) Are Also Excluded, This Brings Down This 6.9% Total Pretax Income Growth Even Further to 5.1% ........................................................................................ The 207 Texas Companies Generated Total Pretax Income Growth of 40%, Five Times the 8% Total Pretax Income Growth of the 271 California Companies ........................................................................................ This is Why So Many US People Aren't Feeling Very Good About the US Economy ... The Exceptional Economic Benefits Are Only Centered in Three Places ... The Texas Oil & Gas Patch, the Northern California Technology Software Patch and the Moneyed Interests in the New York City Financial Patch