Are Good Earnings Bad News In 2023?

Do we even want a good reporting season from corporate America? Arguably not. Or at least not to the extent resilient profits are a function of pricing power. On some levels, it's comforting that consumers can still absorb price hikes, but there's a limit, even if we don't yet know where it is. "Greedflation" and "profiteering" are just derisive terms for companies' natural tendency to push the envelope until management discovers the limit -- the threshold beyond which demand destruction sets