Earnings will be bad this Qtr. Next Qtr they will really suck.

Unemployment keeps on growing. Unemployment benefits will start running out for those that can’t find work. Housing prices keep on falling. Banks keep on failing. Personal bankruptcies keep on increasing. Credit card defaults keep on increasing. More retail stores and restaurants will go out of business. And our country gets deeper and deeper and deeper into debt. The recession is over! Say hello to the Obama depression. Welcome to the lost decade.

A Haiku

Obama has failed
The worst President ever
Jimmy Carter smiles

Check it out: Unemployment for teens between 16-19 that want to work is at 24%. The worst since 1965. So much for hope and change.

http://www.forbes.com/2009/07/02/teen-unemployment-summer-business-economy-labor.html

Japan’s Hayashi: U.S. Economy has yet to hit bottom

http://www.marketwatch.com/story/japan-official-us-economy-has-yet-to-hit-bottom#comment2432014

Related Posts:

• For the health of the nation, homes need to drop to 3 times earnings.
• Sad and pain: Losing their lifeline - 7,000 a day (CNN)
• This is not a Recession. It is a Depression.
• Why people are buying?
• P/E RATIOS SET TO RISE IN Q4 THROUGH 2010

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