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Earnings dive. Is the recession taking a turn for the worse?

Daryl 2012/07/23 09:18:50
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Estimates for the third and fourth quarters have been dropped to levels not seen since the days of the 2008 financial crisis, below even the muted 2 percent expected level of inflation.

That's an ominous recession sign for an economy that has barely managed to attain positive growth this year even with the strong level of earnings beats, according to an analysis by Nicholas Colas, chief market strategist at ConvergEx in New York.

"Revenue estimates for the back half of 2012 have been slowly working their way lower this year," Colas said. "This trend, however, has accelerated to the downside over the past 30 days and we are fast approaching levels where these estimates are unambiguously pointing to the risk of a U.S./global recession later into 2012 and 2013."

Earnings dive. Is the recession taking a turn for the worse?

Read More: http://www.cnbc.com/id/48259674

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  • schjaz 2012/07/25 18:08:41
    Yes
    schjaz
    The only thing i see holding any of this together is the possibility that Obama will be kicked out of office pretty soon.
  • Jericho 2012/07/24 00:15:24
    Yes
    Jericho
    +2
    When people realize that our economy is currently just being propped up to look better than it is, the better
  • boss hawg 2012/07/23 23:21:23
    No
    boss hawg
    +1
    europe's problems are dragging us down as well
  • Joe Shwingding BN-ZERO 2012/07/23 23:06:52
    Yes
    Joe Shwingding BN-ZERO
    +1
    Classic example of false premise. Wall Street is NOT a practical measure of the health of the economy.
  • relic 2012/07/23 21:43:37
    Yes
    relic
    +1
    It's all going according to Oslime's plan.
  • merlinskiss 2012/07/23 19:28:59
    No
    merlinskiss
    +1
    As best as I can tell from the SEC filings, European problems are dragging down profits along with uncertainty in the financial arena since congress is sitting on its thumbs doing nothing constructive to regulate the industry to prevent exactly what just happened from happening again. The LIBOR mess hasn't helped either.
  • deBrice 2012/07/23 19:13:57
    No
    deBrice
    +1
    It could be worse....

    it could be worse
  • Daryl deBrice 2012/07/23 19:19:46
    Daryl
    +1
    Even worse:

  • Fef 2012/07/23 17:24:23
    Yes
    Fef
    +2
    The Obama administration tried to prop up the economy through the election with stimulus and other ill-fated and ill-conceived plans.

    FAIL
  • ☆ElenaDiamond☆ 2012/07/23 17:13:18
    Yes
    ☆ElenaDiamond☆
    +2
    All these were inflated number done with shady math. The truth is coming out and it is sad. The U.S. is failing.
  • john Kills 2012/07/23 16:29:46
    Yes
    john Kills
    +2
    Inflation from the over printing of money, price increases from drought, growing unemployment, less revenue, equals economic crash or complete collapse. Are you ready? I am.
  • Squatch 2012/07/23 15:20:22
    Yes
    Squatch
    +2
    Certainly looks that way. Hope I am wrong though.
  • ģhøṡτ øώl 2012/07/23 13:27:04
    Yes
    ģhøṡτ øώl
    +2
    Of course it is. We've printed a bunch more cash with nothing to back it up, and our president has been and is still giving away tons of money that is essentially funneling directly into a black hole somewhere in space.
  • tommyg - POTL- PWCM-JLA 2012/07/23 13:03:28
    Yes
    tommyg - POTL- PWCM-JLA
    +2
    All the signs are there.
  • James 2012/07/23 12:53:30
    Yes
    James
    +3
    You can't financially engineer your way out of recession forever....

    Sooner or later you actually do have to produce something of value to the market
  • EDWARD G 2012/07/23 12:15:29
    Yes
    EDWARD G
    +3
    And our leader remains clueless. I am very disturbed at the condition of small business in this country. It makes me wonder if the Government is following a policy of extinction in this area. Small business is a concrete example of American individualism and this Administration seems intent on crushing it.
  • krayzrick EDWARD G 2012/07/23 21:19:13
    krayzrick
    +2
    Our government, through taxation and regulation, has run the jobs away. Question that concerns me, did they do it on purpose, or are they just dumb??
  • thefatguy 2012/07/23 11:28:50
    Yes
    thefatguy
    +3
    Thanks Obie! Way to bankrupt the nation, you worthless post turtle!
    obama post turtle
  • den 2012/07/23 11:06:36
    Yes
    den
    +2
    we cannot compete with the world labor market and make more so we will, make less and less, regardless of the pres. but obama has no solution and no clue either
  • ray den 2012/07/23 11:37:40
    ray
    +3
    We can compete on any level . The Greatest obstacle are government regulations and mandates , fees fines and petty Bureaucrats that other nations don't have to deal with

    Remember the Obama Administration Armed assault on Gibson Guitars ? Stole computers , inventory and stock . Charges were never filed , accused them of not having legal wood with proper papers.
    Remember the Obama administration sueing Boeing for not building planes in the politically preferred plant .
    Obama actively attacked the energy industry Coal and Oil and Electric plants.

    When the government attacks business , business declines.
  • krayzrick 2012/07/23 10:42:30
    Yes
    krayzrick
    +4
    "Ah hell....throw another trillion at it."
    Obama says hell yeh
  • krayzrick krayzrick 2012/07/23 10:42:49
    krayzrick
    +1
    'Gangsta'
  • EDWARD G krayzrick 2012/07/23 12:17:17
    EDWARD G
    +2
    This is the Obama way.
  • krayzrick EDWARD G 2012/07/23 21:15:58
    krayzrick
    +1
    Yeh....it's easy to blow other peoples money.
  • All American 2012/07/23 09:54:00 (edited)
    Yes
    All American
    +4
    It appears that way. Earnings season is kicking off and the upcoming weeks will give a better picture here, in the US. Europe is a mess, one that is affecting our markets. Spain bond rates have hit historic highs, their banks are looking for a bail out... looks like socialism has run out of other people's money over there.
  • KingdomNow 2012/07/23 09:25:59
    Yes
    KingdomNow
    +4
    The current regime is hostile to business and in turn, hostile to workers.

    We need regime change!
  • Daryl 2012/07/23 09:19:45
    Yes
    Daryl
    +2
    Earnings estimates are yet another key indicator of economic outlook.

    There are no positive signs.

    recession worsens
  • EDWARD G Daryl 2012/07/23 12:19:04
    EDWARD G
    +2
    I think we will be the next Greece.
  • krayzrick EDWARD G 2012/07/23 21:21:16
    krayzrick
    +2
    I wonder who will 'bail us out'?
    China? Russia? Iran?
  • Daryl krayzrick 2012/07/23 21:29:26
    Daryl
    +1
    Maybe Syria can bail us out?
  • krayzrick Daryl 2012/07/23 21:34:10
    krayzrick
    +1
    Or...or...we could charge them for a 'Constitution'?
  • EDWARD G krayzrick 2012/07/23 22:02:20
    EDWARD G
    +2
    I hope it doesn't come to that.

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