With so much turmoil surrounding the stock market this week, a lot of investors are left scratching their heads and wondering if the U.S. economy is really in recovery, or if a double-dip recession is looming on the horizon.
According to Alan Mulally, CEO of Ford Motor (F), people should try to relax a little and accept that the economy is definitely in recovery, but it will be a long process that requires a bit of patience on everyone's part. When asked in a recent interview about his view on the economy, Mulally stated that "we're generally on the right track", but went on to say that it was going to a prolonged process and that it will be a slower recovery than we have ever had.
For most of us, understanding what is really going on with the economy can be more than bit confusing. We have plenty of talking heads in the media giving us their opinions on the economy, whether they be positive or negative, and the mixed messages can definitely lead to further confusion. Mulally, on the other hand, is someone whose track record has earned him a lot of credibility over the years. He recently received a phone call from none other than President Obama himself, asking about his take on overall consumer sentiment. Being the CEO of a company that deals with so many customers across the US ans well as globally gives Mulally a unique view of what is really taking place in the country. At the present time, he believes that people are making cautious decisions due to unemployment and deficit numbers.
Despite the amount of caution he sees in consumers, Mulally is confident that the economy is recovering and that it will fall on the shoulders of the private sector, not the government, to get the economy back on solid footing.
Mulally definitely knows a thing or two about economic recoveries. In 2006, when he took over as CEO of Ford, the company lost $17 billion. He has managed to turn things around quicker than expected, with Ford making $6.6 billion last year, its largest profit in the past 11 years.
Source: www.marketintelligencecenter.com
According to Alan Mulally, CEO of Ford Motor (F), people should try to relax a little and accept that the economy is definitely in recovery, but it will be a long process that requires a bit of patience on everyone's part. When asked in a recent interview about his view on the economy, Mulally stated that "we're generally on the right track", but went on to say that it was going to a prolonged process and that it will be a slower recovery than we have ever had.
For most of us, understanding what is really going on with the economy can be more than bit confusing. We have plenty of talking heads in the media giving us their opinions on the economy, whether they be positive or negative, and the mixed messages can definitely lead to further confusion. Mulally, on the other hand, is someone whose track record has earned him a lot of credibility over the years. He recently received a phone call from none other than President Obama himself, asking about his take on overall consumer sentiment. Being the CEO of a company that deals with so many customers across the US ans well as globally gives Mulally a unique view of what is really taking place in the country. At the present time, he believes that people are making cautious decisions due to unemployment and deficit numbers.
Despite the amount of caution he sees in consumers, Mulally is confident that the economy is recovering and that it will fall on the shoulders of the private sector, not the government, to get the economy back on solid footing.
Mulally definitely knows a thing or two about economic recoveries. In 2006, when he took over as CEO of Ford, the company lost $17 billion. He has managed to turn things around quicker than expected, with Ford making $6.6 billion last year, its largest profit in the past 11 years.
Source: www.marketintelligencecenter.com
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