Global Tour de Force

(1) Rolling out our global perspective on earnings. (2) Four starters: S&P 500, MSCI-Japan, DAX, & MSCIChina. (3) Forward revenues and earnings data confirm global slowdown. (4) OECD leading indicators show some life in Europe, but not in BRICs. (5) Abeconomics gives big boost to earnings expectations in Japan. (6) Revenues are surprisingly good in Germany as earnings mark time at record high. (7) Revenue growth down sharply over the past two years in China. (8) China’s leaders want fewer “glitzy” government buildings. (9) FRB-SF study says Fed policy may be boosting unemployment!