About this episode
More than a decade ago, GMO strategist James Montier published a paper predicting that corporate profit margins were destined to come down from "nosebleed" levels. Fast forward to 2023, and it's clear that hasn't happened as profit margins remain far above their long-term average. On this episode of the Odd Lots podcast, Montier explains what he got wrong back in 2012, why corporate profits have remained so stubbornly high, and what this could mean for stock valuations now. He also discusses the ongoing debate over whether high corporate earnings are fueling inflation, as well as revisiting the work of economist Michael Kalecki.
See omnystudio.com/listener for privacy information.
Get every episode summarized
Each time Odd Lots publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Odd Lots
The Rise of Organized Retail Crime at Big Box Stores
Odd Lots
Why Money Launderers Love $100 Bills
Odd Lots
Why Laser Beams Are the Hottest New Tech in Defense
Odd Lots
What's Behind the Big Surge in US Government Bond Yields
Odd Lots