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fatter. Partly this was because of record profit growth—for 18 consecutive quarters between 2002 and 2006, corporate earnings grew at a double-digit clip. Chief executives simply couldn't find a way to spend it fast enough. Even Federal
one. Gujurat Fluorochemicals, an Indian company, made €27 million in the last three months of 2006 (triple its total company earnings over the year before) in large part from the sale of carbon credits to Europe. The boost in profits, experts say, likely
raised the stamp duty and took other measures to tamp down share prices. "In China [government] policy factors more than company earnings determine share prices," says Nicholas Kwan, regional head of economic research at Standard Chartered bank in Hong Kong
began to ebb and inflation rose, some people who were on the fence last summer decided to wait. Babies, like corporate earnings , are a lagging indicator. After all, they're produced nine months before they arrive in the marketplace
4/21/08: A weaker-than-expected profit report from Bank of America is stirring concerns about the health of corporate earnings .
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