Tuesday, 8 August 2017

US Companies Are More Indebted, More Leveraged, Less Profitable, And More Richly Valued Than Ever

Zero Hedge:

Once again I start with a warningA recession is eventually coming and a financial crisis with it. There is a real potential for it to come soon, although serious tax reform could delay it.
But sooner or later, the pressures of too much government debt and too many government promises, plus growth that is continually grinding slower, will break out into a recession.
There is always another recession.
You can’t run your life and business as if you expect one to happen tomorrow, but you can make contingency plans. With each passing day, recession gets closer, but that’s no reason to be fearful if you’re prepared.

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