If the economy improves, Dell will participate in a cyclical upturn, but beyond that it will never be a leader.

FORBES: Adviser Soapbox

Profitability has been improved thanks to a cyclical upturn driven by demand from emerging economies and a strategy of placing greater emphasis on specialty chemicals.

ECONOMIST: Face value

However, there is a danger that, when labour markets are gummed up, a cyclical rise in unemployment can turn into a structural one making it impervious to an economic upturn.

ECONOMIST: A shocking error