For the second quarter of 2012, 94 companies within the S&P 500 have provided downside earnings preannouncements, while only 26 companies have provided upside surprises. (Source: The Wall Street Journal, July 2, 2012.)Republicans need to emphasize these results after 4 years of the Democrat's Economic plan now. If Democrats have any control including more than 40 seats in the Senate, we can expect these same Democrats will inhibit any legislation that would improve the private sector.
According to Thomson Reuters, which tracks the number of upside to downside surprises, this was the worst showing since 2001!
Thank Gawd we had the recovery summer of 2011 or it would REALLY be bad! /s
Republicans also need to be careful not to make the economy look artificially robust prior to the election. I'm buying emergency supplies, including food and lead, but otherwise on strike as a consumer until we get rid of the communist in our White House.
Obama needs a second term — after all, Rome wasn’t burned in a day.
There was another recent thread about 70s nostalgia which brought to mind the similarities between today’s ‘fashion’ and that of the decade that taste forgot.
It is a vicious circle as manufacturers and retailers attempt to sell the cheapest threadbare tat. Customers, who still seek quality and can tell the difference, leave the rubbish on the shelves and sales fall. Advertising and magazine articles (possibly redundant) attempt to convince the public that plastic and polyester are hip and happening but to no avail (except the gullible and tacky). More flea-market product is stocked and the public ignores it again...etc.
I shook my head in frustration and wonderment recently as I attempted to find a simple white dress shirt that would survive a year or two of launderings. Most, including those at so-called upscale retailers, you could read a newspaper through and the details (buttons, sewing) were shamefully poor.
Yes we are borrowing billions of dollars from China but their low-rent street-market clothing is nothing to emulate.
As more people go Galt, the economy will only recover when a true free market capitalist Republic is restored. Cronyism and Marxism is destroying us from within. Why do any more than the minimum?
It is all the Obama effect. I also blame every Liberal, RINO, and Democrat.
Why the three car dealers in my town with the 2/3 empty lots are just making room for all the zero gas, no electric, wind-powered magic cars that will be coming out of Detroit sometime soon before the election. The bankrupt tractor implement complex is just regrouping to get new product amassed so that the farmers here who grow apples, corn, etc. can plant anew for a better and brighter tomorrow (if they can figure out how to make water out of sewage). Unemployment? Hell, that ain't no problem. For those few who are signing up for unemployement, you've got a full 99 weeks, and even then when Obama is re-elected it will be extended indefinitely. Don't worry about those Chinese who buy their T-Bills direct from the US Treasury now instead of bidding at Fed Reserve auctions. They like the dollar. In fact, they like your home, your job, your car, and your servitude.......nope, no problem here.
The slow moving train wreck continues, picking up speed even.