The good news is better than expected with most mid to larger companies showing a bigger profit margin than prior quarter reports..Then add the stock market going up at 2.7 percentage points including the technology sector which has been flat or in mostly lost money. Well the question is whether this is just another short term growth?? I have looked at the economy over the last three years and the charts speak volumes about what is happening to our economy. The first thing is a lot more companies are cutting their work force by outsourcing it to cheaper labor in countries in Mexico and India. The second thing is the use of more robotics to create products and use of technology instead of humans to do the same jobs. Lastly more businesses are moving their operations to overseas to ovoid taxation in America. When you add all this up it certainly shows a bleak picture of economic growth for the future of business and stocks in the coming quarterly reports. So what does it all mean for main street? Things are going to probably going to get a lot worse before they begin turning up hill again which unfairly we will be facing as a economic future in America..
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