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Share and Bond Markets - DMG-network - 13-05-2014
Earnings – the lack of them – remain the biggest threat to American equities, whose recent strong growth has been driven by optimism and buy-backs rather than underlying profits, while the latter have come from cost-cutting, not growth in sales. “First-quarter earnings growth is running at minus 1.3 per cent, according to FactSet – well [...]
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