The Rising Influence of Rising Affluence

[OakesCS]

I'm sure you've seen this from the WSJ Already but....

"There was lim­ited for­ward look­ing com­men­tary on ei­ther North Amer­ica or the In­ternational mar­kets,” she said of Schlum­berg­er’s fi­nan­cial fil­ing to the Se­cu­ri­ties and Ex­change Commis­sion. “Given the early stages of the down­turn we be­lieve ac­cu­rate man­age­ment guid­ance is chal­leng­ing to im­pos­si­ble.”

been a grim couple of days with probably more to come over next few months. The WSJ story mentions 9000k jobs gone in past tense and refers to 4th qtr 2014. I think it should be present tense. Feels very much like 2008-9.