David Woo, former Wall Street Investment Strategist and CEO of David Woo Unbound on Global Macro and the Current Panic (EP.201)
Panic with Friends - Howard Lindzon
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Corpora Profit Margin Is Under Pressure
Every recession has been preceded by an erosion of prophet margin. Consumer household saving took a big dive in the first quarter. The only reason why coper profit held up was because consumers actually it save less, now dip into their savings to spend more. If you go back to the last four five recessionsike, were there any like signs on the wall to tell you a recepsion was coming? Guess what? All the economic indicators that, you know, wallstreet colomists traders look at every day, they were completely useless.
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