The document provides commentary on economics, markets and politics to aid business leaders' decision making. It summarizes that the U.S. economic recovery is losing momentum as stimulus spending declines. While corporate profits have rebounded, future growth depends on increased business spending and investment given high unemployment. Uncertainty around taxes, spending and interest rates is making executives cautious.
Economic and Business Commentary By Sean Lannan 9-3-10
1. Commentary on Economics, Markets and Politics to Aid Business Leaders Decision Making September 3, 2010 – Update Sean Lannan www.linkedin/in/SeanLannan About the author: Sean Lannan is a CFO for a high technology company. He has a background in corporate finance, treasury, investor relations, mergers & acquisitions and fixed-income securities trading, and has an MBA in finance and BA in economics and political science.
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4. Manufacturing Has Been Expanding Since Mid-2009 But Growth Has Been Weak Compared to Prior Economic Recoveries Jul: + 1.0% Aug: 56.3
8. Housing Transactions Declined Dramatically After Government Incentives (First-Time Home Buyers) Disappeared and May Remain Weak Until the Employment Market Improves Jul: 546,000 Jul: 3.83 million
9. Producer Prices Have Been Volatile and Rising But Producers Are Unable to Pass Price Increases to Consumers Jul: + 4.2% Jul: + 1.2%
10. Corporate Profits Have Rebounds Strongly in the Recovery and Future Economic Growth Will Rely on Business Spending, Investing and Hiring