Corporate Profits Surge To Record High In Q2Mark Perryupdated Aug 26, 2011TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Corporate profits in the second quarter (both nominal and inflation-adjusted) reached all-time record highs during the April-May period of this year, according to today's BEA report on GDP and corporate profits for the second quarter (see chart above). Real GDP growth in the second quarter was revised down from the previous estimate of 1.3% to 1%, based on more complete data. While overall economic growth remains weak as measured by real GDP, the record level of corporate profits shows that American companies are financially healthy and strong, and can easily weather the current spring-summer "soft patch." Compared to the cyclical low of $770 billion in the fourth quarter of 2008, real corporate profits have almost doubled to the current record level of $1,540 billion, which confirms the fact that corporate profitability has made a full recovery from the effects of the Great Recession. Based on post-war history, the U.S. economy has never experienced a recession that is not preceded by sharp declines in corporate profits, so I think we can safely say we're definitely not headed for a double-dip recession in the near future. Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.