Signal To Noise Ratio Of U.S. Economy Is An Anomaly
The signal to noise ratio in the U.S. economy is blaringly anomalous.
Each of the of the blue lines represent Wall Street analyst forecasts for earnings on America's largest 500 publicly-held companies for a calendar-year, starting with 2011. Markedly different from the seven initial years shown are the earnings forecasts for 2018 and 2019. This shows just how explosive earnings are expected to grow compared to the norm.
That is not what has happened so far in 2018. Earnings estimates have soared, counter to their historical pattern as analysts have continued to improve earnings forecasts, even as the end of 2018 draws near.
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