Some Stunning Numbers!

Watching the financial reports of various companies over the past few days has brought to my attention some startling numbers – to wit:

  • Amazon.com reported quarterly revenues up 14%
  • Apple reporting quarterly revenues UP 12% – amazingly good!
  • PayPal reported 11% revenue growth on a 12% increase in payment volume
  • The New York Times Company reporting advertising revenues OFF 32% – a very big, ugly number!
  • Microsoft reporting its first ever annual DECLINE in revenue – capped by a 17% decline in quarterly revenues year over year – UGLY indeed.

Our economic struggles continue – a quick look at the monthly charts of National Economic Indicators prepared by the Federal Reserve Bank of Richmond confirms. Recommendation: Best viewed with a strong drink in hand!

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