The Investment Scientist

CEOs See Brighter Economic Outlook

Posted on: December 5, 2007

Amid the deafening din of recession talks, the Business Roundtable released its quarterly CEO Economic Outlook Survey. The survey shows that the nation’s CEOs are quite upbeat about the economic outlook for the next 6 months, a stark contrast to the financial markets.

To the question “How do you expect your company’s sales to change in the next 6 months?” 70% answered “increase”, only 13% answered “decrease”.

To the question “How do you expect your company’s employment to change in the next 6 months?” 78% answered “increase” or “no change”, only 22% answered “decrease”.

Business Roundtable companies represent a third of the total US stock market value. Their CEOs clearly don’t see a recession in the horizon. Do they see something the financial market don’t see?

Here is the link to the Business Roundtable press release.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC. He is also a regular contributor to Morningstar Advisor and Physicians Practice. To explore a long-term wealth advisory relationship, schedule a discovery meeting (phone call) with him.



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