Working Life

   What does it mean when corporate profits are up–but people aren’t buying enough to sustain those profits? As in this report today via The Wall Street Journal: A record number of U.S. companies beat earnings expectations in the third quarter, but a big portion of their profits came from cost-cutting, disappointing investors who were […]

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   Readers here know that I’ve been repeatedly saying things will get much worse, regardless of any one-day swings in the stock market. I’ve been saying for many, many weeks that we are going to see very big problems come the holiday season–the more important time for retailers and other businesses to bring in sales. […]

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