The Obama Economy – Do You Believe in Miracles?

19 Nov

A shockingly low 30% of S&P 500 firms beat revenue expectations in the prior quarter

 

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121119_earnings.png

 

The critical question is – how much more fat is there to cut? With Sales (and outlooks) so weak, how many more jobs need to be cut to meet margin expectations? 2013 top- and bottom-line (+13.6% EPS growth) expectations remain magnificent in their optimism – do you believe in miracles?

So if Obamacare increases the cost of each employee to a company, and sales continue to decline, largely as a result of persistent unemployment as a result of previous Obama policies – how many more jobs need to be cut to meet margin expectations indeed….

Zero Hedge

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One Response to “The Obama Economy – Do You Believe in Miracles?”

  1. catherinephung November 19, 2012 at 11:31 am #

    Reblogged this on catherinephung.

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