[Guest post by DRJ]
Bloomberg News posts two reports that together paint a bleak picture of the American economy:
A third report seems reassuring but if we look deeper, is also troubling:
Stocks grew because the Dow corporations have been able to keep earnings high, but revenues continue to fall below expectations. In other words, businesses have been able to maximize productivity from workers but they can’t increase revenues as more and more consumers spend less and less.
And that is not good news.