CEOs Confess: Consumption, That 70% Component Of US GDP, Just Isn’t There
by Tyler Durden
ZeroHedge.com
09/13/2013
Following this morning’s miss on retail sales and plunge in consumer confidence, Bloomberg’s Rich Yamarone points out that retailers remain anxious about the outlook as they see consumers cautious and expect a spending slowdown. The following quotes from some of the largest and most belwether names may help shed some light on the reality of the hope that is priced into markets about consumption relative to actual business expectations… perhaps best summed by Sealed Air’s CEO, “we are in the fourth year of the recovery and it doesn’t feel like a recovery. Because it’s the first time ever that things, four years within a recovery, are feeling so iffy.”
The Rest…HERE
