|
Walt Disney just announced a 22% income gain over last year that is a gain of over 1.8 billion dollars......News Corporation just announced a 16% increase in 3Q earnings. These don't follow suit with a recession or even an economic slow down. Both of these companies Disney being one of Entertainment and Newscorp making theirs from Advertising would be among one of the first to start seeing slow downs and losses as those are typically the first places consumers and business begin to tighten the belts so to speak.
So beyond the Housing fiasco and the high gas prices do we really have a major problem?
|