The nation’s top CEOs trimmed their forecasts for sales and capital spending, according to the Business Roundtable’s fourth quarter survey, predicting the economy will grow a modest 2.4% next year (well below the forecasts of many economists who expect the nation’s GDP to rise 3% or more in 2015), with only 36% expecting to increase capital spending. Given the roundtable’s urging government to extend corporate tax breaks that are set to expire and pass broader corporate tax changes that would encourage companies to invest in the U.S., we look forward to President Obama explaining to the CEOs why they’ve never had it better…
Looks like it’s going to need more than just higher stocks to keep the CEOs happy…
President Obama is due to speak at 1115ET – audio only (plan accordingly)
via Zero Hedge //feedproxy.google.com/~r/zerohedge/feed/~3/YhV83HBrHKQ/story01.htm Tyler Durden