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Bank loans, Profits, Heavy truck sales

Summary:
Decline in Profits Slows By Stephen Grocer Sept 12 (WSJ) — Analysts expect S&P 500 companies to report that revenue grew by 2.6% in the third quarter from the year-earlier period, according to FactSet. That would end a six-quarter period of sales contraction. Importantly, sales estimates for S&P 500 companies improved slightly since the third quarter began and companies began reporting second-quarter earnings. On June 30, analysts expected revenue to increase 2.5%, according to FactSet. Typically, the trend is toward worsening sales expectations as the quarter progresses. Analysts are still estimating companies in the S&P 500 will report a 2% decline in earnings for this quarter.

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Decline in Profits Slows

By Stephen Grocer

Sept 12 (WSJ) — Analysts expect S&P 500 companies to report that revenue grew by 2.6% in the third quarter from the year-earlier period, according to FactSet. That would end a six-quarter period of sales contraction. Importantly, sales estimates for S&P 500 companies improved slightly since the third quarter began and companies began reporting second-quarter earnings. On June 30, analysts expected revenue to increase 2.5%, according to FactSet. Typically, the trend is toward worsening sales expectations as the quarter progresses. Analysts are still estimating companies in the S&P 500 will report a 2% decline in earnings for this quarter.

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WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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