Posted on 11/19/2012 10:19:39 AM PST by mojito
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
Half of the nation's 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls.
Nationwide, business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined.
At the same time, exports are slowing or falling to such critical markets as China and the euro zone as the global economy downshifts, creating another drag on firms' expansion plans.
Corporate executives say they are slowing or delaying big projects to protect profits amid easing demand and rising uncertainty. Uncertainty around the U.S. elections and federal budget policies also appear among the factors driving the investment pullback since midyear.
(Excerpt) Read more at zerohedge.com ...
“The recession ended? We’re in a recovery? “
Absolutel. Don’t you remember “Recovery Summer”? Obama owns this.
I watched Doctor Zhivago last night, and already saw We The Living - Ayn Rand, and read that book, recently...
We are headed that way. Communism. Gov owns it all. They take your money, house, furniture, your business...
They tried that in Zimbabwee too, didn’t work
Retail has absolutely died over the last few months - it’s being deliberately misreported by ObamaNews.
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