Last month, I wrote that 2012 would be an inflection point toward S&P500 margin compression. This was a short article but it followed a lot of commentary in 2011 in which I spoke about the record level of margins at US companies. My conclusion last month was:
The question is whether this is baked into earnings. It depends on revenue growth of course. If margins fall, this can still be made up for by top line g...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.