“The downturn in U.S. profits is accelerating and it is not just an energy or U.S. dollar phenomenon – a broad swathe of U.S. economic data has disappointed in February,” ....
You can only do so much in stock buy backs (corporate directors, managers, etc. beneficiaries at grossly inflated prices) to increase EPS without increasing sales revenues (in excess of “real” inflation) before the house of cards starts to collapse. Throw in some spiraling healthcare costs, EPA and IRS counter productive rules and regulations, and every other government busybody and you have a recipe for disaster.
Thanks for posting!