Dow Chemical (DOW) reported earnings today. Beyond all the numbers, segment earnings, and geographic data, there was only one important thing. "In our view, we will likely see a global recession through most of 2009."
The forecast has special weight coming from Dow. It is not just a $60 billion company. It is a firm which does business in a substandial number of sectors and does it in almost every country in the world.
Dow has built itself into an operation which spans from chemicals to plastics to agricultural products. It said the prices that it charges customers were up 22%. That is a sign inflation may not be wrung out of the global economy.
But, the real news is Dow’s view of the future. Very few companies have been so pessimistic.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
