America's Economic Future – A Discussion By Ted Kavadas
As previously stated, much of what is written on this blog will reference longer writings on my website, ProsperityByPen.com. I have created a page that lists all of the material on ProsperityByPen.com; it can be found listed on the right-hand side of this site’s home page, as well as here: https://www.economicgreenfield.com/prosperitybypencom-directory/
Every so often I will mention the plight of GM as I think it has significance on many fronts. One question that came into my mind recently was “What could have been…” In other words, if GM were to achieve results typical of (at least) a well-run, diversifying/acquisitive company since its peak (defined in an all-things considered, …
I found this story to be of significance, regarding Ireland’s sovereign credit rating: http://www.cnbc.com/id/31164904 Also, as background info, this story was worth reading: http://money.cnn.com/2009/05/13/news/international/tully_ireland.fortune/index.htm In my opinion, the broader signficance is that sovereign credit ratings (and associated issues) appear to be getting more scrutiny; and this should only intensify if there is greater economic weakness. SPX …
One phrase that I have heard mentioned a few times is that the economic and market declines of 2008-early2009 created a “Opportunity of a Lifetime” to buy stocks, businesses, and other assets. I am not sure what reasoning is used to justify the “Opportunity of a Lifetime” phrase (and no reasoning has been provided). It would …
Ben Bernanke testified before a House committee on June 3. Although it doesn’t appear as if he said anything new or different from his previous public statements, I found one statement to be significant. It is bolded below: “We continue to expect overall economic activity to bottom out, and then to turn up later this …
My view on the stock market rally (as seen by the S&P500, often denoted on this blog as SPX) that began on March 6 (at ~666) and peaked on Friday (at ~951) is that it is a bear market rally. And it certainly has been generous, given the fundamentals of the economy. I think it is …
I saw this quote in Charles Schwab’s “On Investing” magazine, Summer 2009 page 6. It is attributed to Ben Bernanke: “Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.” I’m not trying to single out Ben Bernanke with regard to …
I saw this story in The Wall Street Journal a few days ago, titled “The New Resume: Dumb and Dumber” http://online.wsj.com/article/SB124328878436252195.html It says a lot about our current economic climate when people feel compelled to understate their credentials in order to appear more attractive for available positions. While it is unknown as to how widespread this type …
Readers of this blog may want to read a special comment; it is listed below and can also be found here: https://www.economicgreenfield.com/a-special-note/ Comment – Special As you will notice, much of my blog posts and writings point to a difficult and painful future resolve to our economic difficulties, or at least sound a cautionary note with regard …
Here is an interesting New York Times editorial regarding foreclosures. Please note that I don’t necessarily agree with many of the recommendations, but the editorial does a nice job of summarizing some of the problems: http://www.nytimes.com/2009/06/02/opinion/02tue1.html?_r=1 “Solving” our residential real estate problems is going to be most difficult, in my opinion. It is a very complex …