reporting season

While many hope that the reporting season will boost stocks they may be in for a shock. While the US businesses have done well over the last quarter it's the next quarter that is a problem, interest rates are begining to bite, wage growth and commodity prices are putting pressure on future profits and as many SP"s have these factored in the next 3 months could see a slow down in the US economy with the result that our high resources cost is a contributing factor to the slow down along with energy costs. The yield curve inverted last November in the states, usually a slight recession or at least a slow down in the economy follows within 12-18 months. All in all the US is heading for a slow down also helped along by a holpeless Fed Reserve. We, Japan and China will follow,just as sun rises in the east each day.