A crucial understanding of the nature of corporate profitability is that it is a zero-sum game. Profits enjoyed by corporations must be financed by one of three macroeconomic entities dissaving: households, governments, or foreigners. Alternatively, profits can be generated by businesses choosing to reinvest in aggregate. This understanding allows

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corporate interest expense changes impact revenue growth. To create this understanding, we examine the ongoing rate of nominal revenues relative to existing interest expense. The higher this number, the easier it is to service debt and increase borrowing, and vice versa. Currently, this data point is negative, i.e., interest expense growth has exce

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