Submitted by CrownThomas on 10/30/2012 22:44 -0400
Federal Reserve
recovery
SIFMA
St Louis Fed
As we see miss after miss on the revenue line, companies have seemingly still been able to meet EPS estimates (or at least stop them from plunging). How? (outside of releasing any and all reserves), simple - fed funded share buybacks. Indeed, contrary to popular belief of other "business" sites, this is not a recovery driven by fundamentals.
Corporate share buybacks are on the rise, as companies struggle to figure out who else to lay off in order to hit OP targets in light of shrinking demand
http://www.zerohedge.com/contributed/2012-10-30/fed-subsidizing-corporate-eps
In summary, things aren't always as they seem -- and the Fed is manipulating everything.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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