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Why Intel’s Earnings Don’t Signify U.S. Recovery

Wed, Oct 14, 2009

(Business)

Ray submits:

I am sure you can see where all the growth is coming from and it is not from the US. Everyone who claims that these great earnings are because of a US recovery must be smoking those green shoots.

In fact, US sales dropped 2 percent and Asia-Pacific sales grew 2% and thanks to Helicopter Ben and cost cutting Europe and Japan sales could stay flat forever and earnings along with profit margins will continually go higher thanks to a plummeting dollar. Don’t look for the knuckleheads on CNBC to put this together, it would require actual research, or looking at the earnings statements.

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