Sunday , February 23 2025
Home / Mike Norman Economics / Berkshire Report

Berkshire Report

Summary:
Wow they murdered it. Net income rose to .01 billion, or ,301 per Class A share, from .26 billion, or ,592 per share, a year earlier.  Results also reflected a decline in Berkshire's effective income tax rate to 20 percent from 28.9 percent, following last year's cut in the federal corporate tax rate. #sp500 #nasdaq #DowJones #cnbc #CNBCFastMoney Berkshire Hathaway's profit skyrockets on insurance, other businesses gains https://t.co/k9FUgjUxSX — Yuxing Sun (@SigP226) August 6, 2018

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes Is the Labour government delivering on its promises?

John Quiggin writes Dispensing with the US-centric financial system

New Economics Foundation writes Whose growth is it anyway?

Matias Vernengo writes What is heterodox economics?


Wow they murdered it.

Net income rose to $12.01 billion, or $7,301 per Class A share, from $4.26 billion, or $2,592 per share, a year earlier. 
Results also reflected a decline in Berkshire's effective income tax rate to 20 percent from 28.9 percent, following last year's cut in the federal corporate tax rate.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *