The Commonality of The “Jobless Recovery” Belief

The following story from CNBC.com will serve as a good prelude to a series of posts I will write on joblessness and hiring.  It discusses the widely-held (among economists) view that we are entering a “jobless recovery.” : http://www.cnbc.com/id/32104155 It is important to note the commonality of the concept in economists’ forecasts. As I mentioned on June 9, …

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Tax Breaks And The Economic Greenfield vs. Economic Brownfield Concept

Here is a recent story from BusinessWeek, “Will Tax Breaks Boost Jobs?” As seen in my article (with italics added for emphasis) “America’s Economic Future – ‘Greenfield’ or ‘Brownfield’ ?” “One way to determine whether an economic “greenfield” environment exists is whether businesses are thriving and multiplying naturally – with an indicator being that they are choosing …

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“Quick Fixes” To Balance State Budgets

I wanted to briefly comment on this recent (July 17) Wall Street Journal article that mentions how Illinois and California are working to “balance” their budgets: http://online.wsj.com/article/SB124776520979752661.html The article brings to mind a term that I have used before, “quick fixes.”  Sadly, some of the means by which these budgets are apparently being balanced might …

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Another Forecast Mentioning “Double-Dip” Possibility

Goldman Sachs yesterday came out with a new forecast on the S&P500 price as well as operating earnings, as seen on CNBC.com here: http://www.cnbc.com/id/31774313 I found the following phrase interesting; as this is another forecast that mentions the possibility of a “double-dip” recession in the future: “Goldman’s current economic view is for below-trend growth through …

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“Focusing On Things We Can Control”

Recently I have seen a phrase mentioned by a couple of different Fortune 500 firms during conference calls.  While discussing their financial results, they have mentioned that they are “focusing on things that they can control.” When I first heard this phrase it struck me as odd.  I inferred from the phrase that they were trying to convey diligence with …

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Clarification of a Phrase

I would like to quickly clarify a phrase I have been using on this blog… The phrase is “this period of economic weakness.” The reason I use the term is that, as I have explained in this prior post: https://www.economicgreenfield.com/2009/06/22/are-we-in-a-depression/ that our current economic environment is difficult to classify.  Furthermore, it is a very fluid situation that can …

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Laura Tyson on Economic Forecasting

I recently ran across a quote from Laura Tyson.  It highlights some issues with regard to economic forecasting.  Here is her quote: http://www.msnbc.msn.com/id/31910717/ns/business-eye_on_the_economy/ “We are in a balance sheet recession,” said Laura Tyson, a former head of the Council of Economic Advisers during the Clinton Administration who is now one of President Obama’s economic advisors. …

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Financial Terms That Have Fallen Out of Use

I find it interesting that certain financial and economic terms seem to have completely fallen out of use, especially in the press.  Among these I would include “Quality of Earnings” and “Fiduciary Responsibility.” As well, “Moral Hazard” is still used but surprisingly much less than one would think.  It seems to be on the way out. What is the …

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