Alcoa came out with earnings today, kicking off earnings season unofficially. Characteristically it missed EPS estimates by a solid margin.But more important than its own performance is its view on the state of the global economy, since its a purveyor to so many industries.
We went through its earnings presentation to find the slides that most signify where things are going.
In a nutshell: Europe’s a mess, deflation is happening, China is still booming (mostly) and North America’s holding on.
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