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It Sure Feels Like A Recession

Posted By kurtnimmoadmin On February 12, 2013 @ 1:41 pm In Global Crisis,Old Infowars Posts Style,Tile | Comments Disabled

zerohedge.com
February 12, 2013

While stocks suggest all is well, and anecdotal macro data (seasonally slandered by fiscal cliff drag-forwards and ‘weather’) might offer hope that green shoots are back; one glance at the following chart of US, Europe, and Asia (ex-Japan) EBITDA tells a very different story. With cashflow clearly barely budging, is it any wonder that companies are creating conservative balance sheets? It sure feels like a recessionary environment…

Chart: Morgan Stanley


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