Trickle-Down Economics Is Working About As Well As Usual

From the Wall Street Journal:

Profits at S&P 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than two and half times revenue growth in the same period….“Companies are coming out unapologetically with pricing increases,” said Jim Russell, portfolio manager at Bahl & Gaynor. “That is one of the more optimistic things we see for keeping [profit] margins high in 2018 and into 2019.”

Happy news indeed. Here’s a handy chart so that you can see how this is trickling down to all the rest of us:

I recommend you pass this around to all your friends and ask them to tape it to their refrigerator doors until November 6.

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A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

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