America's Economic Future – A Discussion By Ted Kavadas
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 …
As seen in the Fortune story of June 15 titled “Economy in ‘early stages of repair’”: “The stock market’s rally serves as “broad validation” of the Obama administration’s financial rescue efforts, Treasury Secretary Tim Geithner said Monday.” While ostensibly this is correct, and commonly-held theory states that a stock market rally would precede an economic …
Here is the latest update on the Madoff sentencing from CNBC: http://www.cnbc.com/id/31610169 A few months ago, I wrote an article titled “Crime During Economic Stress,” that is listed under the “Individuals” section (about halfway down the page) here: https://www.economicgreenfield.com/prosperitybypencom-directory/ One of the questions that I have is whether there are more frauds in existence that haven’t yet …
Recently various people have given high marks and effusive praise for Ben Bernanke’s performance during the Financial Crisis. Here is a sampling: “Bernanke’s Handling of US Crisis Gets Strong Mark” : http://www.cnbc.com/id/31400566 From Jack Welch: “I think he saved the system, I think he’s a national hero,” Welch said. “I think Bernanke seems to be a guy …
I found this story in The Washington Post, from June 11, to be rather interesting: “Lawmakers Invested in Bailed-Out Firms” : http://www.washingtonpost.com/wp-dyn/content/article/2009/06/10/AR2009061002565.html?wpisrc=newsletter I would have assumed there are rules that expressly prohibit such a conflict of interest. If not, perhaps a recusal would be appropriate? SPX at 918.90 as this post is written
In the last post, Warren Buffett commented what he was seeing with regard to signs of an upturn. This link contains what John Rice, Vice Chairman of GE recently (6/19) said: “I am not particularly of the green shoots group yet,” Rice said today to the Atlanta Press Club, referring to a phrase used by Federal Reserve …