In response to:

Profits! Hating Them When They’re High, And Panicking When They’re Low

Jim88 Wrote: Apr 21, 2013 8:18 AM
If you took the Federal Reserve out of the picture, who I believe create a false market by their infusion of cash or withdrawl of cash in circulation, where would the real market be?
johnm h Wrote: Apr 21, 2013 8:31 AM
Interest rates would soar, government finance would be clipped, the market would have to be freed, some companies on the official tit would go under, the economy would adjust.
Arley2 Wrote: Apr 21, 2013 12:42 PM
I think you're right. And the reason I think so is that virtually everything into which the FEDS intervene gets screwed up including the economy.

Breaking news: some of America’s largest corporations have begun to report declining profits. For those that are offended by highly profitable corporations, this should be really great news.

But nobody is celebrating. In fact, the sagging profits reports are thought to be such a bad thing that some believe they sent the Dow sliding downward last week, for fear that a global recession has arrived.

If profits are such a terrible thing, why aren’t we relieved by their decline?

For the record, I have no idea whether or not a recession is eminent. And to the extent that economic activity...