Tuesday, November 6, 2012

The earnings cliff is the cliff to be worried about

This video comes via the Reformed Broker Blog....


Ritholtz and the team have been warning about slowing earnings growth for a little while now. Q3 earnings were just abysmal, despite somewhat of an improvement (at least at the margin) in a number of economic indicators. For all the talk about the looming fiscal cliff, what I think is being ignored is the impending earnings and/or jobs cliff, a result of increased regulations and increased costs from the implementation of Obama's healthcare law.

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