Good morning. “historically, there have never been two or more quarters of negative growth outside of a recessionary context”. History, apparently started in 1988…
http://www.businessinsider.com/recessions-and-negative-earnings-growth-2013-3
And this chart shows that earnings growth is expected to recover in Q1, but only for one quarter…
http://www.zerohedge.com/news/2013-03-06/top-down-bottom-7-sad-slides
“Fracking is starting to devour the US economy”. The title is catchy enough to be featured…
http://qz.com/60170/fracking-is-starting-to-devour-the-us-economy/
The drawback of becoming a bigger player in the world markets…
http://www.businessinsider.com/china-us-oil-imports-2013-3
What happened since the last time the Dow reach this level…
http://online.wsj.com/article/SB10001424127887324539404578342792504631284.html
…and from the same source: a very cool interactive chart on the winners in the Dow (via http://www.ritholtz.com/)
http://online.wsj.com/article/SB10001424127887324539404578342723780666726.html
Well, let the charts speak. How good has the track record been for Chavez on growth:
…and on inflation…
http://marketmonetarist.com/2013/03/06/hugo-chavezs-economic-legacy-the-two-graph-version/
An antidote for all those black swan watchers out there….
Couldn’t resist putting this one in as the closing of the day
http://dilbert.com/strips/comic/2013-03-06/
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“historically, there have never been two or more quarters of negative growth outside of a recessionary context”.
Goh, das gek: for defining a recession, one of which was “two down consecutive quarters of GDP”
Klopt, maar in de VS hanteren ze NIET de definitie van twee kwartalen negatieve groei. Daar hebben ze de NBER die de recessies op de maand nauwkeurig afroepen. (www.nber.org)