The week’s top news in world financial markets from Maximus Capital

Oct 07, 2009

USA US corporations have been unusually aggressive in their cost cutting in this cycle, in terms of cutbacks in investment spending and employment. As the financial crisis intensified, businesses switched to survival mode, and slashed discretionary spending. The cuts in investment spending made the recession worse, but also helped generate positive profit growth, even before the recession ended. The weakness of last week’s September employment report indicates that this mode of cost cutting r ...

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