America's Economic Future – A Discussion By Ted Kavadas
On June 1 The Wall Street Journal had an article titled “Analysts Cheer For Recovery.” From the article: “Current estimates put the S&P 500 on track for earnings per share of $85.26 this year, according to Thomson Reuters, a return to 2007 levels. Analysts’ $96.61 forecast for 2011 earnings would mark a record that surpasses …
As a continuation of the last post, here are three other charts that I find disturbing in nature. These charts raise a lot of questions. Many of these questions I have discussed in the blog, as I believe they are very significant in nature. Additionally, these charts should highlight the “atypical” nature of our economic …
In the next two posts, I am going to display various charts that I find disturbing. These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now – nearly a year into what most believe is an economic recovery – is especially notable. Many more such …
On May 18 The Wall Street Journal had an article on a new lead-paint law titled “New Lead-Paint Law Heavy on Budgets.” This law serves as a good example of an important issue I wrote of in my May 2009 article “America’s Economic Future – ‘Greenfield’ or ‘Brownfield’?” In that article I wrote of the …
The Wall Street Journal of June 2 had an article titled “Chronic Joblessness Takes Toll.” I have written extensively about the unemployment situation for a number of reasons. Perhaps chief among these reasons is that I believe the situation is far worse than generally acknowledged. While it is easy to dismiss the unemployment problem with …
McKinsey Quarterly had an interesting May 2010 article on cost cutting. I have many thoughts on the issue of cost cutting. The issue is complex and particularly challenging as detailed data and analyses on the subject seem to be lacking, despite cost cutting’s widespread popularity over many years. While prudent management of costs is of …
I found this MacroMarkets web page to be an interesting characterization of the U.S. residential real estate market. Here is an excerpt: “With an aggregate capital value of $16.6 trillion at the end of 2009, real property owned by United States households comprises the largest real estate marketplace – and one of the largest asset …
With the ongoing problems in Europe, fears of worldwide economic “contagion”, and many overt signs of economic slowing in the United States, one is led to wonder how susceptible the U.S. stock markets are to further declines. While I have written extensively about how I believe the stock market will face an exceedingly large decline …
John Taylor’s May 21 blog post discusses the stimulus multiplier used for the ARRA and new research from the IMF with regard to actual stimulus multipliers. The chart shown has immense significance on a variety of fronts, assuming that the IMF research is representative of the effectiveness of stimulus spending. We, as a nation, do …
As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis. Currently, their estimates for 2010 add to the following: -From a “bottom up” perspective, operating earnings of $81.72/share -From a “top down” perspective, operating earnings of $71.32/share -From a “top down” perspective, “as reported” earnings of $64.84/share Currently, their estimates for …