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Corporate profits fall 3.3% in 4th quarter - 33 times greater than expected (Wall Street analysts had expected only a 0.1% drop)

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 356 days ago (latimes.com). Views: 234
Tags: housing bubble credit crisis

Related Tags: economics stock market banks gold wall street peter schiff inflation

U.S. corporate profits fell 3.3% in the fourth quarter of 2007, according to government data that also confirmed U.S. economic growth slowed to a meager annual pace of 0.6% in the same period.

A second government report showed the number of U.S. workers filing new claims for jobless benefits fell by 9,000 last week and that the number of people remaining on benefit rolls after receiving an initial week of aid also declined.

Wall Street analysts surveyed before the reports had expected a 0.1% drop in corporate profits, despite a crisis in the sub-prime mortgage market that has hobbled U.S. economic growth.

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Housing Bubble and Bear Links (1,486 Links)

Created by ian 2 years 346 days ago in Finance. Views: 12,633. Link Views: 418,194
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street stocks business video politics infesting economy financial

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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