Despite all the economic worries and negative sentiment readings over the last few weeks, America’s CEOs are growing increasingly optimistic about the economy, sales and spending plans. According to the latest results from the Business Roundtable CEOs are increasingly optimistic:
The CEOs of America’s largest companies anticipate higher sales and plan to increase capital expenditures and hire more workers over the next six months, according to the results of Business Roundtable’s second quarter 2011 CEO Economic Outlook Survey.
“Fully 87% of our CEOs anticipate higher sales,” said Ivan G. Seidenberg, Chairman of Business Roundtable and Chairman and CEO of Verizon Communications. “As a result, more than half of our CEOs plan to increase both capital spending and U.S. hiring. This continues a positive trend for our companies’ activity heading into the second half of 2011.”
Source: Business Roundtable
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.