Poll: Half Of CFO's More Pessimistic

[The Prof]

Nearly half of U.S. chief financial officers are more pessimistic about their companies’ prospects this quarter, according to a survey released Wednesday.

Delioitte’s CFO Signals Survey, which tracks companies that average more than $5 billion a year in revenue, found that 47 percent of U.S. CFOs are more pessimistic. In North America as a whole, 40 percent were more pessimistic, up from 28 percent last quarter.

A release by the professional services firm called the results the “most somber year-over-year expectations in the 10-quarter history of Deloitte’s CFO Signals survey.”

Roughly a quarter of the CFOs cited government policy as their biggest worry, with many mentioning the fiscal cliff and possible changes to tax and regulatory policy. Fifty-eight percent of companies aren’t taking any actions because of the fiscal cliff yet.

While not a single manager surveyed said the implementation of the health care reform law would cause them to drop employer-provided insurance, 70 percent said they expected their health care costs to rise as a result of the law.

Poll: Half of CFOs more pessimistic - POLITICO.com

cnbc today: Honeymoon Over as Markets Brace for Volatile Times - CNBC

according to cnbc, it's all about the protests in spain and greece, the pessimism emanating from caterpillar, the philly fed's startling announcement yesterday that QE3 wouldn't work (egan jones two weeks ago downgraded us credit specifically citing QE3), and the fiscal cliff

finally, natl assn of manufacturers today:

Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.

The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.

54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

Those statistics suggest that even Democratic and independent small business owners criticized Obama, because only 46 percent of poll participants identified as Republicans, per Roll Call.

55 percent of small business owners would not start company today | WashingtonExaminer.com

but hey, the private sector is just fine

and whatever the 58% are sitting on, holding out of the game---they didn't build that anyway

 

[washunut]

Poll: Half of CFOs more pessimistic - POLITICO.com

cnbc today: Honeymoon Over as Markets Brace for Volatile Times - CNBC

according to cnbc, it's all about the protests in spain and greece, the pessimism emanating from caterpillar, the philly fed's startling announcement yesterday that QE3 wouldn't work (egan jones two weeks ago downgraded us credit specifically citing QE3), and the fiscal cliff

finally, natl assn of manufacturers today:



55 percent of small business owners would not start company today | WashingtonExaminer.com

but hey, the private sector is just fine

and whatever the 58% are sitting on, holding out of the game---they didn't build that anyway

CFOs are more pessimistic perhaps because it looks like an Obama victory which will have a lasting devastating impact on our economy.

 

[washunut]

Poll: Half of CFOs more pessimistic - POLITICO.com

cnbc today: Honeymoon Over as Markets Brace for Volatile Times - CNBC

according to cnbc, it's all about the protests in spain and greece, the pessimism emanating from caterpillar, the philly fed's startling announcement yesterday that QE3 wouldn't work (egan jones two weeks ago downgraded us credit specifically citing QE3), and the fiscal cliff

finally, natl assn of manufacturers today:



55 percent of small business owners would not start company today | WashingtonExaminer.com

but hey, the private sector is just fine

and whatever the 58% are sitting on, holding out of the game---they didn't build that anyway

CFOs are more pessimistic perhaps because it looks like an Obama victory which will have a lasting devastating impact on our economy.

 

[Douglas_Smith]

It sounds as if the uncertainty is at the heart of this issue more than anything else. Until the regulations and taxes are more firmly fixed CFO's are having a hard time telling their companies where to spend their money.