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He thinks the current nirvana of low inflation and rising profits is about to end in hell again, with dropping profits leading to an economic slowdown.
Moody's Investors Service said corporate credit quality suffered its worst year in a decade in 2001, hurt by debt growth, dropping profits, overly optimistic earnings forecasts and the Sept. 11 attacks.
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Saturated markets have dropped profit margins.
Levels of leverage will drop, and profits will fall in tandem, particularly at the investment banks.
France Telecom also dropped on profit-taking after announcing healthy profits for 2007 with a veritable bonanza in emerging markets.
With corporate profits dropping, their business is weakening.
SBC Communications dropped as profit fell short of estimates.
Lockheed dropped its profit outlook several times last year.
From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies.
The model describes the situation where the 'regressing' agents want to avoid from the profit dropping.
Royal Dutch Shell's net profit dropped by 67%, to $3.8 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com