Even though we are supposed to be in the Obama Recovery, economists now say a recession may be on the way sooner rather than later. The latest earnings report is an indicator of that looming fact.
From CNBC.com:
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.
While this Q2 earning reports have crossed a substantially lowered profit bar, future expectations indicate a recession could be on the way.
— BioBusinessInc (@BioBusinessInc) July 22, 2012
OBAMA POLICIES AT WORK: Earnings Show Recession May Be 'Fast Approaching' – US Business News – CNBC http://t.co/DQA3Is96
— U. S. Patriot (@TheMightyWord) July 22, 2012
Obama said if it can't be fixed he should be 1 term“@DRUDGE_REPORT: Earnings Show Recession May Be 'Fast Approaching'. http://t.co/mgt4MGU1”
— Marty Connors (@MartyConnors) July 22, 2012
Economy grew @ 7% in early 80's recovery. Growth out of this recession anemic 1% under Obama. Now headed for double dip. They want top
— Bernie Buglesby (@Buglesby1) July 22, 2012
RT May Be! Hello? Have you seen the jobs reprt? @DRUDGE_REPORT: Earnings Show Recession May Be 'Fast Approaching'… http://t.co/FxUw41md”
— paula vento (@RNVento) July 22, 2012
Join the conversation as a VIP Member