Warning signs for 2013 and 2014 indicate that a further slowing of business and manufacturing are starting to take hold.
In yesterday’s WSJ, it was reported that
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
Also regarding exports from the U.S.
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
Given the negativity of the recent elections, the hurdles yet to be faced in resolving the “fiscal cliff” of tax increases and spending cuts especially in defense products is leaving many corporate CEO’s feeling more uncertain about the near term future.
Given this less than rosy look into the future, I’d say that we may have some rough roads ahead of us.
I hope our elected officials in Washington can get their collective acts together, we don’t need a repeat of the 2007-2009 Great Recession.