America’s economy is booming. Why aren’t its bosses happier?

Good newsgdp about seems to keep rolling in. In the third quarter expanded by a barnstorming 4.9% in annualised terms. Heading into earnings season, the month or so each quarter when most firms report their latest results, a stream of upbeat economic figures led analysts to hold their for the quarter steady, rather than trim them as they normally do. Many called the end of America’s corporate-earnings recession.