As I exposed in the US Q1 earnings, more S&P Companies' profits are declining than increasing, and the misses are greater then the beats. So still profitable, but the bottom line is falling. Your figures for Q2 support that again.
When we consumers/workers cop cost increases, they are magnified for commercial, they pay more for everything like water/electricity (because they are a top tier user), insurance, etc. And they suffer more from red tape.
Ive noticed in this last OZ rpeorting season, whilst for many the top line is increasing, the arse has fallen out of their bottom line. The cost of doing business nowdays is taking its toll,
@onetricky
I reckon Xi Jinpong went there to spread it himself to the other leaders. Good to see him doing the heavy lifting for a change.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-11986
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