Wednesday, October 6, 2010

How do some folks find their way to work each day?

I was listening to some guy on Bloomberg extolling the virtuous circle of corp profits and piles of cash...this guest was so bulled up! But he's reading the wrong signs...profits are a lagging, not a leading indicator. Please look again at the earlier posts from Consumer Metrics...and look at today's ADP report and the revised IMF FORECAST for the USA. Tells another story, no?

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