http://www.forbes.com/home/investmen...apbox_inl.html
http://www.gold-eagle.com/editorials...use021506.html
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How would you rank the 'calls' and 'omens' before this? Then again, the recession of 2001-2002 were this companies best years, bring it.
I'm surprised you didn't post this: http://www.forbes.com/investmentnews...apbox_inl.html
^^^ while that analyst's speculations happen to agree with some of my own takes, there is a fundamental question / battle which has yet to be resolved before his prognostications can have solid credibility. That question / battle is whether inflation will win out, deflation will not be avoidable, or they fight each other to a stagflation draw !
and here's another which leaves handwriting on the wall in very large letters !
Markets all over the world looked really ugly too ... NIKKEI closed down 4% ... FTSE down nearly 4% halfway through the session ... DJIA futures are way down ...
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http://www.macworld.co.uk/news/index...S&NewsID=14915
These thing don't last forever.
^^^ ironically, companies are turning to even lower cost 3rd world countries like Vietnam for future low-skill manufacturing, because China wage demands are now rising (i.e. semi-skilled workers now demanding $100-$200 a month ... the horror !), the Chinese gov't is starting to get slightly upset about massive discharges of toxic materials by manufacturers etc.
This trend of course will serve to make any US recession even worse than it otherwise might have been, because if US business levels slow down it's highly probable that many US businesses will simply close up shop (to escape ongoing 'fixed' costs like property taxes, retiree benefits, utility bills) rather than laying off some percentage of their employees and hanging on in hopes of a brighter tomorrow.
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^^^ I was watching Cud-low and Co and they were going on about how this was the highest profits to GDP ever so why the fall and I am like "Of course, it's because no one is fucking getting paid numbskull." It is pretty easy to look at household debt and the negative savings rate to foresee what the future is. Duh.
^^^ I'd almost agree. Fewer workers in America are getting paid more, while more workers in China and India and Mexico are getting paid much less.
Unfortunately, those Chinese or Indian or Mexican workers are not going to be future customers for the products those American companies are selling the way that American workers have been. Thus when American workers find that they are unable to borrow more money to spend via mortgage refis or credit cards, sales and profits will decline despite the American companies 'cheaper' outsourced / imported labor costs.