What's Feeding The Gloom And Doom BearsMike Mcnamee
So you think the fourth-quarter slowdown in profits was bad? Get ready for 1996. "We're clearly on the verge of recession," says Edward E. Yardeni, chief economist at Deutsche Morgan Grenfell. He thinks that 1996 profits will fall 10% below 1995 earnings as a worldwide deflationary cycle takes hold.
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