Documens Boss

The US economy is improving, albeit very slowly. At the beginning of the month, it was worries over the Euro and Greece that drove the markets down; now it is the continued worry over the BP gusher in the Gulf of Mexico.

While the US economy is adding jobs, it is at a very slow pace.  In fact, many new jobs were in the Public Sector, brought about by the temporary hiring of census workers in the US. Unemployment has improved in 37 states, while the others are still suffering.

The current debate in the US is over economic stimulus. Most signs are quite clear that the original stimulus put in place over 1 year ago is too small and its effect is almost gone. The President and Congress would like to create and launch another stimulus program, but other politicians are worried about the deficit. The fact is that the US is a consumer-based economy.  If consumers do not have money to spend, the recovery will be stalled and extremely slow to progress.  We should see a great deal of news in this area over the next 30 days.

However, companies in the ECM, BPM and BPO sectors continue, generally, to progress and drive revenue.  In addition, M&A activity is extremely high, with many, many deals yet to close in 2010. These deals are being driven by the desire to grow, to add key functionality and to expand global efforts.