July 14, 2010
That would really send a signal that the improvement in the economy is for real. Unfortunately, Phelps thinks it will take another couple of quarters before the fog of uncertainty hanging over the economy lifts.
Keith Springer author, president of Springer Financial Advisors, in Sacramento, Calif., agreed in business finance news. He said that even though some firms are trying to put on a happy face and talk about demand improving, their actions show otherwise.
“The economy is continuing to slog through the mud. Companies see declining retail sales and tight credit from banks and there’s no need to do anything with their cash,” he said.
To view full article: http://www.keithspringer.com/article137.htm