Outspoken Dow CEO Sees No Slowdown
The CEO of the world's 2nd largest chemical maker says the market should stop panicking over the debt crisis in Europe and China growth. According to him, company sales indicate consumer demand is improving in both regions. Interesting comments from a very outspoken CEO in the past. If he isn't seeing a slowdown, then it likely isn't happening. The US ISM Manufactoring Index just posted a 59.7 number for May so the data backs up his claims as well. The real question the markets are dealing with is whether the crisis in Europe eventually pushes the world economy over the edge. The markets recent plunge suggests that to be the case, but the data up to this point argues a different result. More comments from CEO Liveris: April sales topped the monthly average in the first quarter, and May probably beat April, Chief Executive Officer Andrew Liveris said today in a webcast from New York. June order books show the gains are continuing, he said. Emerging markets are leading th...