Posted on 09/30/2013 4:01:09 PM PDT by whitedog57
Ugh. Companies issuing negative outlooks for the 3rd quarter outnumber positive outlooks by 5.2-to-1.
NEW YORK – U.S. companies are warning about third-quarter earnings at a rate lower than last quarter but still at the second highest level since 2001, leaving estimates well below what they were just three months ago.
Companies issuing negative outlooks for the quarter outnumber positive ones by 5.2-to-1, the most negative since the 6.3-to-1 ratio in the second quarter.
The second-quarter ratio is the worst since the first quarter of 2001. The third quarter would be the second worst since 2001, according to Thomson Reuters data.
Consumer discretionary companies have the second highest number of warnings, including Target Corp. Target said in August that shoppers remained cautious and that its new Canadian stores were not doing as well as anticipated.
This is not really surprising given declining real median household income and a part-time worker labor recovery. Both have been falling.
badlav
Will retail hold up? Retail Real Estate Investment Trust (REIT) vacancies are declining and retail rent per square foot are slowly recovering.
retvac1
Office completions have subsided greatly, but are growing in San Jose and Houston.
offiinccon
We shall see what happens to commercial real estate construction the ratio of a 5.2-to-1 negative earnings ratio rears its ugly head.
I wonder if The Fed will floor the monetary accelerator?
fedbal0901.13
ADP number jobs number out Wednesday 0815 and NFP out Friday.
Welcome to Obamaville...
....aaaaadn sheet is just starting to hit the fan.
Earnings, business volume and TAXES collected by kommies are dwindling, “assistance”, food stamps going up.
Watch out for unreal taxation followed by “if you can’t manage it, we will take it over from you”
Nationalization of property, completeting the “conversion” to Communist Hell of emptiness.
Time to stop it!!!! It may be already late.
Darn Republicans and their government shutdown.
Recirculating debt from those with incomes from the various levels of government doesn’t do the country any good. A strong economy with much in the way of services will have men producing and exporting more than is imported.
And we wonder why we are getting distractions from the White House on everything else....
The list, Ping
Let me know if you would like to be on or off the ping list
They can TRY to take it but rest assured this person will not allow it to happen without a fight. Blood if need be. F**k them!
offiinccon
We shall see what happens to commercial real estate construction the ratio of a 5.2-to-1 negative earnings ratio rears its ugly head.
Office construction - and other construction - is going gang busters in Houston...let's see if this has an impact....praying it doesn't.
The USA is going to produce 1 million barrels@ day more oil this year than last. Same growth is going to happen for the next five years or more.
The economic implications of this revolution in the oil patch is bigger than the net revolution of the late 90’s.
If it weren’t for obamacare and doddfrank, the US economy would be growing at 5%. As it is, unless obama can find a way to kill the oil patch—and that remains a distinct possibility—the USA growth is not going to go below 2% for the next couple years. That goes even if the other sectors of the economy don’t perform at all—as looks to be the case now.
No NFP report on Friday, but ADP tomorrow.
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