Reason #7: Businesses aren't spending - Michael Shulman

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Reason #7: Businesses aren't spending
Oct 25, 2009 03:00 PM UTC

Michael Shulman

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Filed under: Recession

Reason #7 the economy won't recover in 2010 Businesses do not see a turnaround in 2010. Even with public figures talking up the economy (and who can blame them, it's practically in their job description) businesses are not listening. If consumers aren't spending, why should businesses?

For example, Intel (NASDAQ: INTC) said the year will close strong, although it still will be down compared to 2008. This end-of-the-year optimism is being driven by a once-in-five-year change in the Windows operating system -- something that should have created booming demand, not a modest uptick.

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Reason #7: Businesses aren't spending originally appeared on BloggingStocks on Sun, 25 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

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