We are more than halfway through Earnings Season where the major public companies fess up to their last quarter of operations revenue and profit. Most of the major companies report early and are a great indication of how the economy is going.
The percentages of companies that have topped [much reduced] earnings estimates is 73%. Sounds good? It’s in line with the 4 year average. woohoo! Well nope. Earnings are growing at just over 1.8%. This is Substantially Less than the 5% average quarter over quarter growth than has been seen over the past 4 years. MUCH less than what is seen during actual Economic Recoveries. Ala Reagan's reversal of the jimmy carter armageddon on the American economy in the 1970's.
Companies have cut staff, reduced costs, reduced portion sizes of their products, raised prices, and are still Fizzling Out in terms of growth.
The number of companies that have surprise earnings is only 3.2 %, well below the 4 year average of 7% and WELL Below the historical average during periods of actual Economic Recoveries.
Now add in the fact that food prices are at least 2 times higher since obama took office, gasoline is twice as expensive, and we are actually Exporting oil right now btw (what's up widdat?)
Add in that home prices are down, (family worth is way down), property taxes are up (gotta feed the vampires), and Home Ownership is at an 18 year low as reported recently by Blooooomberg. (Note mortgage interest rates are lower than my dad's rate that he got in the 1940's ! and try to figure this one out)
Unemployment is at historic highs, (the reported rate algorithm has been manipulated so much it looks like the personal profile of a 500 lb girl's profile on eharmony) and business isn't hiring because there is No Growth. This equates to many more people sucking money out of the government (Taxpayers) as opposed to putting in.
Many libtards owe 6 figures from going to college to get some BS degree that will do them Jack Nothing when they get out (next post probably) and will either default on their loan or have 100K Plus less to spend on goods and services thereby putting another wet rag on the 'Economic Recovery'.
The money that is being spent by many is given to them by the government, thereby increasing the debt which devalues the dollar in your pocket. The stock market at all times highs is the result of the Federal Reserve printing up Trillions since the crash starting in October 2007 to pump into the market by Giving the Banks Trillions of dollars in exchange for their worthless mortgage monopoly money. (Libtards Hate the rich right? How do you feel about your imbecile hero printing up Trillions for them that you and your kids and their kids and so on forever... are going to have to pay back? Huh? Huh? How do you feel?)
The Fed is printing up 85 billion a month in its current QE3 program and that money is finding its way directly to the stock market. It is why the market is up. It's Fake. It's all fake.
It's a fake economic recovery. There is no economic recovery, just as the is no Nothing good happening as the result of the democrats being in control of government since early 2007. The only things happening that you think are 'good' (if you're a libtard) are those things reported to you by the democrat propaganda media machine which btw is filled with useless assholes who, if they even went to college, by and large 'graduated' with 'communications' as their major. A major that most drunks can navigate successfully.
Your view of the world is handed to you by some of the stupidest bastards on the planet who are actually employed.