CFOs, what are your feelings about the current economic climate?

289 views1 Upvote2 Comments

Sort By:

Oldest

CEO in Finance (non-banking)a year ago

My current feeling is like this, "That moment when its raining outside and you don't know how hard its going to get, how long it will last, how intense it will be or how wet your going to get. But your pulling out your umbrella but not quickly because you don't want to rush and what to be patient. Plus, there is power when you get a little wet but you think your reserve and look forward as you assess what kind of storm you are in."

Read above our look at the movie 300 when Leonidas is with his 300 soldiers and its raining in one seen but he keeps his Spartan reserve even though chaos is around him. He finds his calmness, clarity and keeps his reserve for this group.

Please join or sign in to view more content.

By joining the Peer Community, you'll get:

Peer Discussions and Polls
One-Minute Insights
Connect with like-minded individuals

CFO in Finance (non-banking)a year ago

The Feds have been printing trillions of dollars year over year since Quantitative Easing began, so we've been living on this sort of artificial liquidity for over a decade now. We're seeing inflation now. They are raising interest rates to combat it, which will eventually tip the scales on unemployment, perhaps more banks defaulting, and no one is selling right now. It might not be a long, deep recession. Until unemployment changes, we’re not going to feel the impact (unless we default on our debt obligations as a country). The only area where we feel inflation right now is probably at the grocery store and everything else we purchase as consumers. Business seems to be marching on in spite of it.