Say it isn’t so! Earnings report indicates recession may be ‘fast approaching’

Say it isn’t so! Earnings report indicates recession may be ‘fast approaching’

http://twitter.com/#!/alanschuh/status/227172291690250241

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

Read more: http://twitchy.com/2012/07/22/say-it-isnt-so-earnings-report-indicates-recession-may-be-fast-approaching/

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