And the Seven Largest US Cos Suffered a Total Earnings Decline of an Even More Amazing 40% in Their Most Recently Reported Quarterly Earnings.
Clearly these US Companies, whose employees are many of the US's best and brightest, are not now in an earnings recession, but rather they are in an earnings depression and it is due to the unneeded massive overstimulation of the US economy with the resultant substantial, continuing US inflation by predominately US Fed actions but also by actions of the past two Administrations with mostly the full support of the US Congress.
And it's going to be a long time before the US economy will get down to the desired 2% inflation rate while also substantially reducing the US Fed's supplied but unneeded $9 trillion of liquidity and to do all of this without a deep US recession.
