I have been doing some research on US economy data since early this morning and came across a few conflicting reports and videos from our beloved networking company, Cisco Systems.
Not sure how reliable the Cisco’s CEO, John Chamber is anymore. This was him back in Feb/March this year when he was in Washington, D.C. – very Bullish:
Five month forward, he said there are mixed signals from the U.S. economy via video link at the annual meeting of French employers association MEDEF (Mouvement des Entreprises de France) yesterday.
“If you look at numbers there are mixed signals on the economy,” Chambers said.
Chambers further explained both the Asian and the European economy is holding up better than expected and congratulated European governments on their work during sovereign debt difficulties.
President of the U.S. chamber of commerce, Tom Donohue, also speaking via video link at the event, echoed the same view.
“I believe there is still a great deal of uncertainty in American business.”
“It’s a little frightening that as we look at economic growth everywhere else [...] both in Europe and the United States we’re not reaching our potential,” he added.
Donohue also urged the conclusion of free trade agreements and said that this would increase U.S. and European growth by “significant numbers.”
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Tagged: Asian economy, Bullish, ceo, Cisco, Cisco CEO, Cisco Systems, European economy, European governments, John Chamber, MEDEF, Mouvement des Entreprises de France, networking company, Tom Donohue, U.S. chamber of commerce, uncertainty in American business, US economy
