By Kris Sayce – Port Phillip Insider (Australia)
From our vantage point here in the US, we’ve warned that the US economy is heading for trouble.
The evidence we’ve presented to the court (you dear reader) includes the continued decline of US company earnings.
Earnings have declined each quarter since the end of 2014.
We’ve pointed out that, of the companies in the S&P 500 index, only 277 of them had grown revenues over the past year. That compares to 425 companies that grew revenues in 2011.
To us, that doesn’t appear to be an economy that’s breaking out into a sustained recovery. To us, it’s an economy that’s on the verge of breaking point.