Wall St. can’t do math: AMZN’s “awesome” profits were 0.4% of $21B in revenues. Apple’s “miss” had it earning 21.6% of $49.6B.

Nobel prize-winner Paul Krugman gives a shout-out to all the great work done by MIT economists. Go Tech! nytimes.com/2015/07/24/opi…

Ironic to see Wall Street gush over Amazon’s “big” quarterly profit of $92M. That’s a rounding error on AAPL’s quarterly profit of $10.1B.