"Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves."
Herbert Hoover
AH YAHOO revenues fall 12%...is it my imagination or are we starting to get some earnings misses?
D
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http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=1&hp
finally some recognition of the real culprits.
Earnings? Just wait until the commodities squeeze the profits out of companies!
http://money.cnn.com/galleries/2011/pf/1101/gallery.downsized_consumer_products/index.html
companies are trying to hide the costs but there is a limit.
Yes, profits getting squeazed, but commodities are deflating a bit, watching CRB and gold closely here
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