The Game Is Over & The Market Is About To Fall Apart: CEOs Run Out of Costs To Cut And US Domestic Demand Is In Decline As Customers Are Increasingly Wary About Spending!!
InvestmentWatch
Sales stumbles raise fresh worry for corporate America
Reuters: A flagging world economy took a toll on much of Corporate America in the third quarter, leading the likes of eBay Inc, American Express, IBM and Textron Inc to miss Wall Street’s sales targets or warn that spending was slowing into the holidays.
Those misses sparked concerns among investors that corporate America’s year-long streak of profit growth could be nearing an end as CEOs run out of costs to cut and customers are increasingly wary about spending.
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A majority – 54.3 percent – of the 70 companies in the widely watched Standard & Poor’s 500 Index that have reported results so far have missed analysts’ revenue forecasts, according to Thomson Reuters I/B/E/S.
The list of companies’ reasons for weak performance has expanded, with some citing a decline in demand in the United States...
“Once we start to see earnings miss – when expectations have been pushed down and they still miss – that is when you’ll see the market start to fall apart,” Springer said.
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A Collective Collapse In Global Demand Is What Happened During The Great Depression. It’s Happening Again Today!!!
Gold And The Disappearing Yield, Death of Equities?
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A collective collapse in global demand is what happened during the Great Depression. It’s happening again today. The trillions of dollars governments printed and spent since 2008 only delayed the inevitable but did not prevent it; and, now in 2012, the inevitable has once again resumed its deflationary descent.
Most stocks and bonds will not survive the coming rendering. Stocks thrive on growth and the only possible growth now is debt; and bonds are IOUs, debts and obligations contracted in better times when the odds of repayment were more favorable. Today, the odds are less favorable. Tomorrow, they will be worse.
Once underway, deflation’s momentum is impossible to reverse. Nothing central bankers did during the Great Depression revived private demand; and the trillions of dollars being printed today to hopefully do so will be no more successful than were efforts in the 1930s.
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