America’s CFOs are warning of a recession. Here’s why that’s an important indicator: by skleb1234
Going further back, CFO sentiment was also relatively accurate in warning of the 2008 financial crisis: According to Duke’s
, optimism had plunged to a record low by September 2017—with pessimistic CFOs outnumbering optimists by around four to one.It’s important to remember that CFO sentiment, which helps give insight into business and consumer spending, is primarily an indicator of economic activity—rather than stock market behavior.
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