A Real-World Economic Prediction

This story from abcnews.com carries some weight in terms of a real economic forecast.  It isn’t good: More of America’s largest companies will shrink their staffs than will hire in the next six months, according to the latest survey of their CEOs. Nineteen percent of the CEOs expect to expand their work forces, while 31 percent predict a decrease in the next six months, according to a quarterly survey from the Business Roundtable released Tuesday. That’s slightly better than the 13 percent who expected increased hiring three months earlier. At that time, 40 percent forecast cuts. Granted, the trend is good, but the actualities are not.  2010 is shaping up… Read More

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