Same Old, Same Old

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Published : January 26th, 2011
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Category : Crisis Watch

 

 

 

 

According to Reuters, "Rising Costs Threaten Corporate Profits":

 

The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push U.S. stocks to their highest levels since the 2008 financial crisis.

 

Major U.S. companies across a spectrum of industries, from blue-chip manufacturing companies 3M Co  and DuPont Co, to tissues and diapers maker Kimberly-Clark Corp and fashion accessories house Coach (COH.N) cited rising costs as a risk to growth this year.

 

Nah, they'll just carry on doing what they've been doing -- laying off employees, reducing compensation and benefits for existing staff, cutting back on capital investment and R&D spending, and ripping customers off with shady marketing practices.

 

Same old, same old.

 

Michael J. Panzner
Editor,
Financialarmageddon.com

 

 

 

 

 

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Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
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