NERVOUS CEOS? O MY!
So maybe the sky is not really falling, but when the CEOs aren't happy, nobody's happy.
A September, 2012 Reuters report says 34% of U.S. CEOs plan to cut American jobs, vs. 20% only 3 months prior -- and, they are also decreasing their capital spending plans. Not surprisingly, another study says CFOS agree with their bosses.
Seems that CEOs don't relish the idea of trying to grow a business while Washington is facing a January, 2013 fiscal cliff of reduced spending and higher taxes. The global financial crisis, including recent riots in Greece over proposed cuts in pensions, add fuel to the fire.
While companies in the S&P 1500 index collectively hold $1 trillion in cash & assets, doesn't look like they are in a spending mood.
Time for some creative thinking - or are we are own worst enemies?
Source: Hartford Courant article by Scott Malone, 09/27/12
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