Specialists Donald Vaneck, center, and Robert Tuccillo work on the floor of the New York Stock Exchange today. (AP Photo/Richard Drew)Don’t think of it as a recession.
Think of the nation’s economic malaise as a realignment.
It’s happened throughout history. Each time a disruptive technology like electricity or the Internet hits the market, periods of growth are inevitably followed by a crash, as business leaders struggle to fold the latest science into their companies’ business plans.
This time around, U.S. companies are working to tackle challenges like social media, cloud computing and mobile connectivity.
That was the message on Wednesday from IBM’s Martin Fleming, Big Blue’s chief economist and vice president for business performance services.