Construction Equipment Spending: Will Politics Abort the Recovery?By Eli Lustgarten
Article Date: 08-01-2012
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Sales are firm for now, but bright spots are more difficult to find. Rental is one of them.
The saga continues. Virtually every major region of the world remains engulfed with significant political issues with minimal progress as the months fly by. Since my last writing: Europe volatility continues. Financial concerns remain elevated, and the new socialist government in France may foreshadow a change in leadership in Germany (Spring 2013). n China’s turmoil continues with economic bubbles in an opaque economy amidst a major changeover in the Politburo. Their economic slowdown is more severe than anticipated. Brazil continues to be plagued with a strong currency and government turmoil. U.S. politics are heating up as we get closer to the major elections in the fall of 2012. Still no progress on a potential FY2013 budget stalemate in October, and a mandated sequestering of funds and massive tax hikes on Jan. 1, 2013.
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