Corporate revenue is at the same level as 8 years ago. Now corporate profits are crashing as well...
Shock Doctrine visualized
Sales/Share at 2007 levels:
One week into Q3 earnings season and Q4 estimates just turned negative, marking the fourth negative quarter in a row aka. recession...
Q3 ending Sept. 30th is expected to mark the third sequential quarter of negative earnings growth -5.5%.
"Uh-Oh"
"This past week marked a change in the aggregate expectations of analysts from flat year-over-year earnings (0%) for Q4 2015 to -0.4%."
Q4 Earnings growth "estimates" were at 4% in July and are now at -.4%...