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Looks like
the non-recovery is becoming even more so:
"Survey: CEO Confidence in Economy
Drops Dramatically" (The Hill)
The confidence of the nation’s business leaders in the future of the economy has dropped dramatically, according to a
new survey by the Conference
Board.
More CEOs
surveyed view the economy negatively than positively. Only 17 percent viewed the economy positively in the
second quarter of 2012, compared to 67 percent in
the first quarter.
Only 20 percent expect
an improvement in six months,
down from 59 percent.
The survey
polls 800 CEOs whose companies are members of the Conference Board. Typically, 80 to 100 CEOs respond, the group says. The results from the new survey are from May and June.
Of course, if you are an equity trader, you're probably wondering: "What does this have to do with the stock market?"
Michael J. Panzner
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