Grinding Halt?

Possible earnings Slowdown in the forecast? As we discuss markets and the business environment, one can’t help but to recognize that even with huge government subsidy and support. Without the consumer the business of business doesn’t work. With the dilution of taxpayer bailouts which temporarily restored bankers’ profits and bonuses, We are now seeing the engine come to an alarming stall. The Wall Street money machine is coming to a grind. The impact of the stimulus may be perfectly apparent once it is gone. With an unusually sharp slowdown in trading this summer, analysts are rethinking their profit forecasts for 2010. This could be the standard issue with any kind of bailout or false support. It simply delays the inevitable.

UncategorizedJames O'Brien