We’re seeing a pretty good bounce back
—Jeffrey Immelt, CEO of GE, on 22 January
Capital spending has already improved despite low capacity use. You had a massive collapse in capex, and those are almost always followed by massive recoveries.
—Joseph LaVorgna, chief US economist at Deutsche Bank
The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor. I think we are in trouble…It’s going to feel like a recession even if technically we’re not going to be in a recession.
—Nouriel Roubini, via a Bloomberg interview on Jan. 30 following the U.S. Commerce Department report 5.7% GDP growth in the fourth quarter