Brendan Keenan: Capital spending projects can enhance recovery prospects
Published 11/08/2011 | 05:00
IN this job, these days, the last thing one wants to be is right. Those who have taken the gloomiest view of events are the ones who have been right most often. So it has proved once again, with the signs of another recession.
Last week's downgrading of the United States by Standard & Poor's, the re-eruption of the eurozone crisis and the equity market crash overshadowed grim statistics on the current performance of the US economy.
Yet that performance is behind the market crash, partly behind the downgrade, and bodes ill for a resolution of the European crisis.