When evaluating candidates for a position, the decision often comes down to a gut instinct. Don't completely trust it, according to this article, which cites a LinkedIn post by Citigroup's Linda Descano. For analytical or financial positions, it is important to home in on tangible qualifications. The gut instinct comes into play when assessing a candidate's motivation, workplace ethics and personality.
If the U.S. defaults on debt, 39% of investors will have confidence in capital markets, according to a survey by the Center for Audit Quality. Even without a default, uncertainty because of the government shutdown and a possible end to Federal Reserve stimulus might require companies to consider the effect on valuation and impairment on financial statements.
Companies that achieve financial success often go on to succumb to one or more of several pitfalls. They believe their public relations, become complacent, stop working hard, stop seeking advice, start acting as an industry expert and stop focusing on their particular business.
Asset managers are advising CFOs and treasurers not to sell short-term Treasurys, which typically are held as cash in an investment portfolio, despite the possibility of a U.S. debt default. The thinking is that it is better to adopt a wait-and-see attitude because yields have already risen. Also, even if there is a default, bondholders will be paid eventually.