Since the recession ended in mid-2009, U.S. corporate profits have jumped by about 43% to a record $1.45 trillion as of the first quarter, after taxes, inventory and accounting adjustments, according to the Commerce Department.
What hasn’t recovered, however, is economic growth. Indeed, in real terms, gross domestic product hasn’t even returned to its pre-recession peak.
via Ahead of the Tape: More Liquidity Only Douses Growth Sparks – WSJ.com.