Going forward it will be harder for them to maintain their spending - and their living standards.
Investors are anticipating measurably slower profits growth. As a result, they're valuing companies that can produce good, solid earnings in an environment where earnings are going to be harder to come by.
Investors are anticipating measurably slower profits growth, ... As a result, they're valuing companies that can produce good, solid earnings in an environment where earnings are going to be harder to come by.
In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,