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Whom Do You Trust More On The Economy–Microsoft’s Ballmer Or Google’s Schmidt?

Google (NSDQ: GOOG) CEO Eric Schmidt and Microsoft (NSDQ: MSFT) CEO Steve Ballmer apparently don’t share the same view about the near-term prospects for the economy. Here’s what each said at the Cannes Lions International Advertising Festival earlier this week:

Schmidt (via Reuters, AdWeek): “Reasonable to be optimistic for 2010”; U.S. jobless claims indicate “the beginning of the bottom”; “If people are concerned Americans will stop spending, you do not understand the American psyche”; “It’s shocked me that Americans started to save. My guess is that’s a temporary phenomenon.”

Ballmer (via Guardian, ClickZ): “I don’t think we are in a recession, I think we have reset”; “We have reset and won’t rebound and re-grow”; “I’m sort of prepared for us to trundle along for a while before we begin (to re-grow)”

The optimism is a shift for Schmidt, who said during the company’s most earnings call said the economy was still “basically in uncharted territory.” Ballmer, meanwhile, has used the word “reset” for months to describe the state of the economy.

4 Responses to “Whom Do You Trust More On The Economy–Microsoft’s Ballmer Or Google’s Schmidt?”

  1. Gregory Martin

    Social media messages from TipTop search results show that users think Eric Schmidt (google ceo cannes crisis economics executive people china youtube festival) is 27% Tips & 13% Pits. See Schmidt/.

    Steve Ballmer (microsoft media ceo cannes steve video person talk ad stanford seminar) is 15% Tips & 13% Pits. See Ballmer/.

    The sentiment gleamed through TipTop seems to parallel their perspective on the economy:)

  2. Ed Dunn

    This is a loaded question as I trust neither. The economy is more personal targeting a specific group of people – people who took a steady paycheck with no hustle.

    Schmidt comments about "bouncing back" has no substance to it. Many people say this "coming back" but this is the first time in human history that middle class jobs are able to be outsourced to another country.

    Ballmer is more accurate – we are in a reset. Things are cheaper, valuations and prospects are more realistic and opportunities are now wider thanks to emerging nations like BRIC. If you knew how to make paper in good times or bad times, then right now is the best time to dive in.