Sunday, August 22, 2010

Corporate CEOs Dance the Economic Catch-22 Boogie

Article source: Crooks and Liars

Economics 101: Healthy economies include low unemployment rates. Low unemployment rates mean consumers are consuming/buying goods. Consumers buying goods stimulates the economy, creates growth.

...Makes sense, right? Well, yes, until you read this Washington Post article where they interview corporate CEOs about why it might be that they're sitting on piles of cash and not hiring. Then it just gets really, really weird.

No comments: