Monday, June 01, 2009

Stand by for a horror "growth" number Wednesday

Today we saw company profits fall off a cliff:

One blessing:  Since the stimuls payments, retail sales have been holding up well:

Scott Haslem at UBS has a graph of profits 'growth' by sector: (click to enlarge)

And here's IPAC's Adam Carr's account of the winners and losers.

Retail and Transport and Construction are doing well.

Manufacturing and Property and Business services are doing appallingly- as commentator Dave55 has pointed out: