Yep, that’s what he said, “an earnings recession”. Not quite sure how an earnings recession will avoid being an economic recession but hey, what do I know? The SM was up 400 pts yesterday on a GDP report of 0.7%
Heard another zinger courtesy of Steve LIESman. “I talked to an economist who theorized that falling gas prices haven’t helped the consumer because when gas prices fall, instead of filling their tanks with regular gas they fill their tanks with premium”
Even the brilliant Becky Quick said “what? Really?”
Then that dolt Liesman snickered.
Pretty sure the whole world is nuts. I do think that Hitlery getting indicted by the FBI makes her a lock for President. 🙂