Chart of the Day publishes a chart a day. The most recent one was very interesting. This chart depicts the earnings growth. We know that earnings of one quarter always are compared with the earnings of the same earnings twelve months earlier.
The stocks of the S&P500 – Americans finest – have imploded over the last 20 months (almost two years). Real earnings (adjusted after inflation, that is) have dropped to a record low.
The ‘better than expected’ mantra is very deceitful if we look to a longer time frame. And of course, it is the financial sector responsible for this huge fall.
But anyway…
The stocks of the S&P500 – Americans finest – have imploded over the last 20 months (almost two years). Real earnings (adjusted after inflation, that is) have dropped to a record low.
The ‘better than expected’ mantra is very deceitful if we look to a longer time frame. And of course, it is the financial sector responsible for this huge fall.
But anyway…
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