Wednesday, August 11, 2010

So How's That "Hope & Change/Summer of Recovery"?

Well, that summer of "recovery" might actually be '13, or '14...(by no co-incidence, just after a Presidential 'change' occurs.)

...On average, CFOs expect to increase their full-time domestic employee base by less than 1% over the next 12 months, and a majority say their workforces will not return to prerecession levels until 2012 or later. The resulting negative impact on consumer spending may fuel a vicious cycle in which businesses put off hiring until they see better results, yet results remain stagnant as tightfisted consumers worry about reduced wages, benefits, and employment opportunities.

Demand is bad, credit is almost impossible, and there are significant 'unknowns' in Gummint policy/costs of doing business--like healthcare.

HT: The Madison Informer

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