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.
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
— 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
— paula vento (@RNVento) July 22, 2012