There’s a difference between beating on earnings and beating on revenue. A company can get extra earnings from a given revenue stream by cutting costs (firing employees). That strategy makes sustained growth more difficult.
(via The Daily Reckoning : 5 Min. Forecast)
Chart of the Day - Unemployment rate above 10% for only the second time since WWII
Well, it happened. Double digits. A new Roman numeral to display. Where do we go from here?
Japan total Debt in 1990 was roughly 150 of GDP: today total debt is close to 290% and the market is still in a funk. Could this be what lies in store for the U.S?
— Sol Palha in Debt Crisis
US foreclosures’ flurry of activity
Oh, is that all?
CHART OF THE DAY: The Government Debt Explosion
“The growth of government debt has “decoupled” from the rest of the economy.
While households, businesses and the financial sector reduce leverage, public sector debt growth has simply exploded. As you can see from the chart, every non-governmental sector of the economy is now in debt reduction mode while governmental debt is growing a breakneck speeds.”
Just a heads up: Government debt is our (you, me, etc.) debt.
The government’s Home Affordable Modification Program, HAMP, recently reported that modification offers were way up. Unfortunately, completed mods were way down.
Calculated Risk: Weekly Summarychart-o-doom…
Pretending I’m on vacation. Leave me alone!
