Expectations huh?
Show me the money! Show me the profits! Not Expectations.
Let me help you with the curves. They are showing actuals for the 3rd quarter that is being discussed in this thread vs analyst expecations. Focus Hobbes, focus.
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Let me help you with the curves. They are showing actuals for the 3rd quarter that is being discussed in this thread vs analyst expecations. Focus Hobbes, focus.
"Compared to the median estimate according via Bloomberg"
Of course it's from ritholz so.....
I now understand you can not grasp the true meaning of the curves. Stick with the lies from CNN even when presented with real and factual numbers from Nasdaq.
DPI, you're not understanding me.
I don't have a problem in the world with record corporate profits.
It's good, very good that they have profits.
The sun shines bright and the birds chirp and everything is right with the world.
But they don't have enough customers with money to spend in the US to justify expanding and hiring and THAT is the problem with the economy.
That was the point of the OP and if you interpreted it to mean I meant otherwise you are just knee jerk reacting without even thinking about what the OP really implies.
See, I'm looking at it from the perspective of a person who needs a job, not the CEO.
I don't have a problem in the world with record corporate profits.
It's good, very good that they have profits.
The sun shines bright and the birds chirp and everything is right with the world.
But they don't have enough customers with money to spend in the US to justify expanding and hiring and THAT is the problem with the economy.
That was the point of the OP and if you interpreted it to mean I meant otherwise you are just knee jerk reacting without even thinking about what the OP really implies.
See, I'm looking at it from the perspective of a person who needs a job, not the CEO.
The premise of this thread is based on a misleading article from CNN. And your argument is based on the misleading information. The only sector profiting is the financial sector. How could this happen. People are or have borrowed money and are paying interest. All other companies profits are declining. Declining profits lead to declining payrolls.
The premise of the thread is that corporate profits reached a record high in the 3rd quarter. That's a fact.
The conclusion of the OP is that profits do not justify expansion and hiring. Only demand can justify expansion and hiring.
Everything after that comes from your own mind.
Don't worry though. I'm sure we'll fall off the cliff in the next couple of months and you will finally be right.
I will agree with that. Obama and Timmay want to go off the cliff. Never let a catastrophe go to waste! And they will sacrifice the US to give us that catastrophe.
The Financial Sector Now Makes Up A Bigger Share Of The Economy Than Before The Recession.
According to the latest data from the Commerce Department, the financial sector now accounts for 8.4 percent of the United States’ Gross Domestic Product, “eclipsing the peak it hit in 2006.” In the 1950s, the financial sector accounted for less than 3 percent of GDP. Meanwhile, financial firms are once again making more than 30 percent of all corporate profits in the U.S.
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