Archive for August 15th, 2012

What is Corporate America waiting for?

Posted in debt deleveraging, recovery on August 15th, 2012 by Paul Deng – Be the first to comment

Interview of former HP CEO Carly Fiorina. This is a nice illustration of how uncertainties hinder business investment.


With household demand severely crippled by the burst of the biggest housing bubble in US history, I don’t see how that demand could be quickly revived. Now it seems that China’s also slowing down, so the profit channel from overseas could also be in question. Oh, dear…