To: smokingfrog
I believe the reasons for the apparent improvement last quarter are; increased government spending (wealth transfer), tax refunds, and people not paying their mortgages now having cash to spend. As for increased company profits, I noticed that they are doing this with decreased revenues (look at CAT).
9 posted on
04/30/2010 1:31:46 PM PDT by
yadent
To: yadent
CAT laid off many hundreds of workers.
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