Phil Oakley's Weekly Roundup 

Investors can't pin their hopes on a consumer recovery

Investors can't pin their hopes on a consumer recovery

I’ve always found reading company results releases and their outlook statements far more useful than listening to the predictions of economists. This is due to the fact that companies operate in the real world and tend to have their fingers on the pulse of what is going on. Based on what I’ve read this week, it’s difficult to come away with any other view that life is very tough out there for businesses. 

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