America's Economic Future – A Discussion By Ted Kavadas
I ran across the following chart from chartoftheday.com, and found it interesting: http://www.chartoftheday.com/20090703.htm?T As one can see, the current degree of job losses is rather atypical. I would also like to highlight another issue as well. From a historical perspective, this (purported) recession, that the NBER has classified as having started in December 2007, is …
A little while ago I wrote an article titled, “America’s Economic Future – ‘Greenfield’ or ‘Brownfield’”. For those interested, it is the first article listed here: https://www.economicgreenfield.com/prosperitybypencom-directory/ I would like to make a couple of additional comments with regard to this article. First, in my opinion the topic of America’s Economic Future is not one …
The Wall Street Journal ran a story yesterday titled, “Pendulum is Swinging Back on ‘Scenario Planning.’” Perhaps most interesting is the history of scenario planning. Here is the link: http://online.wsj.com/article/SB124683295589397615.html As I have written about previously on this blog: https://www.economicgreenfield.com/2009/06/18/businesses-and-economic-stress/ those who own or manage a business will likely continue to find themselves in a …
I found the following article to be of interest. It is titled “New Evidence on the Foreclosure Crisis” and is found in The Wall Street Journal, p A13, July 3-5, at this link: http://online.wsj.com/article/SB124657539489189043.html While I can’t verify his analysis, the article is worth reading. I don’t agree with all of his conclusions, especially his remark that …
I came across a new index that seems interesting. It is called the Dow Jones Economic Sentiment Indicator. Details can be found here: http://solutions.dowjones.com/economicsentimentindicator/# The only comment I want to make on it at this time is that I find it of interest as it employs a different methodology. I plan on monitoring this index. …
The following story in The Wall Street Journal illustrates the concept of Sustainable Prosperity for one area: http://online.wsj.com/article/SB124545809871533075.html SPX at 896.42 as this post is written
Two things that seem especially noticeable when driving around the Chicago metro area are the amount of retail vacancies, and the poor physical conditions of the roads. Both are very visible testaments to this period of economic hardship. Of course, it varies by location, but to generalize there is a lot of vacant retail space. It …
I found this blog post from James Hamilton to be interesting: http://www.econbrowser.com/archives/2009/06/on_grilling_the.html especially when he says this: “But it is another matter to question Bernanke’s intellect or personal integrity. As someone who’s known him for 25 years, I would place him above 99.9% of those recently in power in Washington on the integrity dimension, not …
The following story recently (June 25) ran in The Wall Street Journal: “OECD Says The Worst May Soon Be Over For The Global Economy” http://online.wsj.com/article/SB124583299366346443.html This conclusion, that “the worst may soon be over” and that recovery will quickly follow, seems to be extremely widely held among forecasters, as documented elsewhere (such as the June …