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HomeDuke/CFO Survey: Good News and Bad News
Posted by Larry Doyle on March 4th, 2010 10:01 AM |
What can we learn from those who sign the checks at over a thousand companies around our country? Let’s review a synopsis of a recently released Duke University CFO Survey. This analysis, On the Mend, is presented by CFO Magazine:
At last, some good news. For the first time in more than a year, finance chiefs expect double-digit growth in earnings and significant growth in capital spending over the next 12 months, according to the Duke University/CFOMagazine Global Business Outlook Survey for the first quarter of 2010. Finance chiefs are also loosening the reins on technology spending, research and development spending, and marketing and advertising spending.
The welcome news doesn’t come without a few troubling reservations, however. (more…)
Why Deflation?
Posted by Larry Doyle on December 30th, 2009 10:03 AM |
My better half asked me today why I thought deflation was likely to be a major problem for us over the next decade. I shared my views on excessive debt, challenging job prospects, excess capacity, and the like. All that said, I’m a former Wall Street trader and not a Secretary of Labor. What does somebody who filled that slot think? Let’s listen to Robert Reich, who headed the Department of Labor during the Clinton administration.
Reich provides a substantive review on the vastly diverging developments on Wall Street and Main Street in a recent commentary posted at Wall Street Pit. While asset valuations have rebounded across a wide segment of the markets, the fact is the fundamentals within our economy are clearly deflationary. Reich highlights as much in writing: (more…)
Tags: declining purchasing power, deflation or inflation, economic outlook for 2010, economic prospects for labor housing manufacturing, inflation or deflation in 2010 and beyond, outlook for economy 2010, purchasing power, Robert reich, Robert reich commentary on Wall Street vs Main Street
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