On the heals of last week’s GDP revision, David Rosenberg busts out some charts to show that this is anything but your typical recovery (it’s weaker).
Drawing on several datapoints, there’s really only one “V” out there, which is corporate profits, and even then that’s the result of lower labor costs.
Everything else from pricing power to end demand just isn’t showing much life.
Check out the charts >
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Here’s one V
Image: Gluskin-Sheff
But this is not helpful
Image: Gluskin-Sheff
Here’s how companies are making their money
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
Image: Gluskin-Sheff
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