Manufacturers keep the cash

Wednesday, August 17, 2011

"I think we're in the soup," said Fred Zimmerman, a retired business professor from the University of St. Thomas. He said companies are likely to stay conservative on spending for the foreseeable future.

Zimmerman said it's likely manufacturers will continue to use cash to invest in equipment. Hiring permanent workers will be far less likely, he said.

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Originally published: 08/17/2011, Star Tribune