Earnings are still going to grow as interest rates and inflation remain low.
More Quotes from Ed Yardeni:
And so Daiei keeps stumbling along, introducing competitive pressures that shouldn't be there -- prices fall and the entire industry struggles. Deflation, ... is companies that are losing money not going out of business.Ed Yardeni
What is really new in the commodity world is the extent to which hard commodities have been converted to financial assets through exchange-traded funds and hedge funds.
Ed Yardeni
These people could be in some serious trouble.
Ed Yardeni
When fixed-income investors conclude that the central bank isn't going to raise rates any time soon, ... there tends to be a convergence of rates.
Ed Yardeni
After rounding up all the usual bearish suspects to blame for the market's disappointing performance this year, I've narrowed the problem to the price of oil, ... Investors fear that higher energy costs must eventually depress earnings growth.
Ed Yardeni
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