Corp earnings are a sitting duck when we start having $2T deficits and Repo Mkt turmoil every single day (and Fed bal sheet skyrocketing)

Corp taxes collected last year: $160 billion
Total US tax receipts: $4 Trillion

Corp earnings are a sitting duck when we start having $2T deficits and Repo Mkt turmoil every single day (and Fed bal sheet skyrocketing)

P/E ratios are a mirage of debt, buybacks and fake tax rates pic.twitter.com/pkhtCqjngw

— M/I_Investments (@MI_Investments) March 11, 2020