“…the perma-bull spin that earnings growth is still rapid is non-sense once you carefully dissect the data; the reality is that earnings growth is sharply decelerating now with ominous implications for the coming bear market in equities….
Beware of perma-bull spin doctors with rose-tinted glasses who are totally blind to the extent of the current economic slowdown and are still talking about a soft landing of housing and an orderly economic slowdown. Soon enough the only thing orderly about the comatose housing market will be the undertaker carrying the coffin…and the rest of the economy will enter into a coma right after…”
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