Earnings: It's Gonna Get Ugly

The global crisis isn't going away--and U.S. profits will suffer

The emerging-markets crisis has settled in for an extended stay. Around the world, markets are drying up, prices are contracting, and economic development is slowing. And with the major industrialized nations still putting together a rescue plan, there is no sign of improvement on the horizon.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.