Jim Rickards: The “Solid Earnings Growth” Myth Explained

The consensus believes that the US has just begun a long economic recovery, whereas we believe it is already quite advanced and vulnerable to events in Asia. Falling US MSCI profits are an extremely important straw in the wind that investors will ignore at their peril.” – Albert Edwards
http://www.zerohedge.com/news/2014-03-25/albert-edwards-destroys-solid-earnings-growth-myth