In recent years, corporate earnings have been walking on water... literally. It is a phenomenon that has stumped more than a few analysts. Earnings are high, whether viewed in terms of operating margins or as share of National Income -- and continue to climb despite rising input prices and sluggish economic growth. How is this possible?

The unexpurgated reality is that there are some rather obscure factors that have contributed to the phenomena. And it is these that also reveal some hidden earnings vulnerabilities looking ahead.

The conclusion of this study underlines our emphasis of high-dividend yielding stocks wherever possible.

To read more, please click the following safe link to this month's Global Spin:

Profit Surge Dirge - Unexpurgated