This is a reissuance and reiteration of our July 8th Blog, below, with late breaking confirming economic reporting data from the September Quarter from the real economy that can not be manipulated, obfuscated, lied about or denied.
As, the truth of all things in this economy is not hidden nor difficult to understand, because “Its ALL In The Real Numbers, Man!”
Sunday, July 8, 2012
"Kondratieff" Death Grip is Tightening!
Despite all the MSM hoopla to the contrary, the
following articles do prove that ALL the world’s economies are
still contracting under the onslaught of only the First of Three waves of the
Super Tsunami “Kondratieff” Long-Waves that hit all the world in 2007/08. ..."
For some additional predictions of the horrific economic landscape directly ahead of all of us, go read this Blog, because all the information quoted there from our website, written two years ago and posted last year, is right now coming true and nobody can do anything about it, including Bernanke!
And remember, and don't get fooled as the Sheeple are all the time, despite these especially frightening series of data from the real economy, the Dow Jones is going to go through the ever-loving roof (roughly 18,500 in Spring 2015), as the banks buy stocks and commodities to speculate and gamble with yours and my money that they are getting from the FED's endless supply of electronic entry dollars from their FMMM (FED's Magic Money Machine) that will now be given to all the banks in the everlasting QE's until the S__T does HIT the Fan in the coming "Bond Bubble' EXPLOSION!!
For some additional predictions of the horrific economic landscape directly ahead of all of us, go read this Blog, because all the information quoted there from our website, written two years ago and posted last year, is right now coming true and nobody can do anything about it, including Bernanke!
And remember, and don't get fooled as the Sheeple are all the time, despite these especially frightening series of data from the real economy, the Dow Jones is going to go through the ever-loving roof (roughly 18,500 in Spring 2015), as the banks buy stocks and commodities to speculate and gamble with yours and my money that they are getting from the FED's endless supply of electronic entry dollars from their FMMM (FED's Magic Money Machine) that will now be given to all the banks in the everlasting QE's until the S__T does HIT the Fan in the coming "Bond Bubble' EXPLOSION!!
Caterpillar Cuts Outlook, Citing Slowing Global Economy
By REUTERS
New York Times; Published: October 22, 2012 at 9:35 AM ET
“Caterpillar Inc, the world's largest maker of tractors and excavators, slashed its 2012 forecast for the second time this year and warned the global economy was slowing faster than it had expected.The cautionary note was the latest in a string of comments from multinational manufacturers, including General Electric Co and Honeywell International Inc, that the economic recovery remains tenuous and tepid at best. …
"As we've moved through the year, we've seen continued economic weakening and uncertainty," Chief Executive Doug Oberhelman said in a statement.
The statement also noted that sales in China, the world's largest user of construction equipment, had also declined in the quarter and had yet to improve …”
DuPont Takes It On The Chin As It Misses Everything And Cuts Guidance
Forbes; 10/23/2012 @ 11:51AM |1,277 views
“DuPont delivered an ugly looking earnings report for its third quarter, making it one of day’s worst performers amid heavy volume. As U.S. stock markets completely broke down, DuPont missed profit and revenue estimates, announced it was laying off 1,500 workers globally, and cut its guidance below estimates; shares were off nearly 9% in early trading in New York.In what has been a relatively weak earnings season, DuPont revealed an awful third quarter on Tuesday. The Dow Component saw operating income drop a staggering 48% to $302 million excluding items, which translates to an EPS of 44 cents; Wall Street had forecast earnings of 45 cents per share.
DuPont’s revenues took a hit on all fronts. Sales were down 9% to $7.4 billion, as volume declined 5% while currency effects helped shave off an additional 4%...”
DuPont, UTX, 3M Sales Miss On Global Economic Woes
Posted 11:48 AM ET
“DuPont (DD), 3M (MMM) and UTX (UTX), all Dow component
companies, fell after their quarterly sales missed forecasts and they issued
disappointing outlooks Tuesday, citing weak global economic conditions.DuPont, the maker of Kevlar bulletproof vests and paints and coatings, said third-quarter profit dropped 36% to 44 cents a share, missing analyst estimates by 2 cents. Revenue fell 9% to $7.39 billion, below estimates of $8.1 billion.
The company lowered its 2012 EPS guidance to $3.25-$3.30 vs. prior estimates of $3.55.
"Weaker than expected demand in titanium dioxide and photovoltaic markets contributed to the decline from last year's record third-quarter earnings. We are addressing these challenges now to position ourselves for improved performance," said CEO Ellen Kullman.
The company is initiating a restructuring plan to save money by laying off 1,500 workers in the next 12-18 months….”
UPS earnings miss; outlook is cut
Philadelphia
Inquirer; July 24, 2012|By Linda Loyd,
INQUIRER STAFF WRITER
“United Parcel Service Inc., with a large airfreight hub in Philadelphia, missed second-quarter earnings
estimates Tuesday and cut its full-year outlook, citing broad economic
uncertainty.The world's largest package-delivery company, a bellwether for transportation companies globally, expects the U.S. economy to grow just 1 percent this year, below projections of some economists.
The delivery giant said export volumes from Asia fell more than expected in the three months ended June 30.
"Economies around the world are showing signs of weakening," chief executive officer Scott Davis said on an earnings call. "Our customers are increasingly nervous."
No comments:
Post a Comment