All Commentary
Thursday, June 21, 2012

Business Loses Confidence in Recovery


“America’s business leaders are losing faith in the economy’s ability to produce a strong recovery by the end of the year. The Business Roundtable’s second-quarter Economic Outlook Survey, released Wednesday, saw a decline in optimism from the nation’s leading CEOs, with lower expectations for growth in sales, capital spending and hiring. Boeing Chief Executive Jim McNerney, chairman of the Business Roundtable, and Roundtable CEO John Engler said the downturn in business confidence reflected rising uncertainty created by government regulations, looming budget and tax issues, and the European debt crisis.” (Washington Times)

Investing is risky enough without government massively compounding the uncertainty.

FEE Timely Classic
“Regime Uncertainty, Then and Now” by Robert Higgs