Sunday, February 7, 2016

Not so fast, says JP Morgan

The analysts at JPM do not like the drop in  corporate profits.  Bad omen, though not a perfect predictor.

Lool at the sudden declines in payroll.  Corporatipns don't have the cash flow, and labor is a variable expense; hence the sudden layoffs.

Only once, in the series, have profits declined this much without a recession.

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