Submitted by: Francis Soyer
This morning earnings season for 4Q 2011 begins. The key to this quarters reports will be the tone of managements look ahead for 2012 and so I will be watching with a critical focus on what companies are seeing in their pipelines. While management by design is usually bullish as they are required to be, the below charts from this mornings Zero Hedge report lays out some fairly grim charts as far as macro econ is concerned.
