U.S. To Avoid a Double-Dip
Firms awash in cash: AllianceBernstein's Carson
BY Caroline Cakebread | July 26, 2010
Speaking in Toronto today, Carson explained that a combination of rising profits and liquidity at U.S. firms means companies will have to start spending soon. The coming spending spree will ensure that the U.S. avoids a second leg of the recession – and it will drive positive growth going forward.
Carson also discussed what he sees as a “new mix” taking hold in the U.S. economy as it shifts from a model based on consumption and housing to an economy fueled by exports and investment.
More to come…