Hadas: Stock market money exaggerates uber-profits

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Stock market money exaggerates uber-profits. edwardhadas comments money that does not push up wages has elevated asset prices. Read his view:

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Hadas: Profit flows freely, companies behave badlyAn IMF study shows a significant increase in companies’ pricing power since 2000 in developed economies. The trend in profitability is likely to bring less investment, more market-stifling mergers and more smugness from managers. Change requires a rethink of how competition works.
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