U.S. CEOs lower expectations on sales, hiring and capital spending
Wed, 06/20/2012 - 09:50 EDT - LA Times
Concerns over Europe's debt crisis and political gridlock caused top U.S. CEOs to soften their expectations on hiring, sales and capital spending in the next six months, according to survey results released Wednesday.
Plunge in CEO Expectations
The quarterly survey of CEO expectations looking six months out shows that while CEOs are still positive in regards to capital spending and sales, the recent plunge was the third largest plunge in expectations in history.
Jim McNerney, Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company discusses CEO sentiment in the following video.
OTTAWA — Canadian firms are turning progressively gloomier about the slow pace of the world’s economy and say they want to see signs of progress before ramping up hiring and investment, a new Bank of Canada survey suggests.
The findings of the central bank’s much-watched quarterly business outlook survey is not good news for those hoping to see a strong economic rebound in the second half of this year or in 2014 after what has been almost two years of sluggish growth.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.By Cees Bruggemans, Chief Economist of FNB.Is South African stability about to become disturbed by another major overseas crisis on a par with 2008 or 1998?Or will we be able to keep cruising within existing Rand, inflation, prime interest rate, JSE share prices and GDP growth parameters as seen so far this year?
(Reuters) - Auto companies will hire more people and expand plants over the next year to keep up with increasing consumer demand for vehicles to replace aging cars and trucks, according to a report released on Friday. Despite worries about declining demand in Europe caused by the debt crisis and pressures on vehicle pricing, U.S. auto executives surveyed by advisory firm KPMG are bullish about their companies' prospects. "The survey results clearly demonstrate a U.S. automotive industry that is regaining confidence," Gary Silberg, KPMG's national auto industry leader, said in a statement. ...
Barry Ritholtz has another thought-provoking post over at TBP, 10 Things Making Me Nervous.
This one in particular surprised me:
10. Consensus that gridlock is good: I am becoming increasingly wary of the consensus belief that gridlock is such a wonderful thing. If most of the market and economic gains have been driven by Fed/Treasury action, what does gridlock say about future market action?