OK, Ted. So here we are with earnings releases and future forecasts and so far the following companies have reported significant earnings slow downs or stated the immediate future is grim. Some are even announcing layoffs:
* Microsoft, Intel, Google, GE, Apple, Lenovo, McDonald's, AMD, Catepillar
In fact, the only ones doing half way decently are the large banks, who are receiving the largesse from the Fed, funded by the American Taxpayer and through money printing.
So you really think broadbased corporate weakness is a sign that things are getting better? Do you really think that employment is on a recovery path, even as major bell weather corporations are slowing down and starting to lay off workers?
You simply can't continue to believe that the statistical outlier in one month's Unemployment Rate number is an indicator of employment health, when company earnings are sending a strong signal in the other direction. It's hopium on steroids. |
