America's Economic Future – A Discussion By Ted Kavadas
On March 21, Gallup released results from an annual survey in which they gathered information on American’s concerns about 14 major national issues. The survey responses indicated that the economy was the top-ranking concern, with 71% indicating they worry about the economy “a great deal.” Here is an excerpt from the Press Release that I …
Here are a couple of links to a recent Warren Buffett interview. I have not been able to pinpoint a date, but apparently the interview was from a month or so ago: The video link: http://pymnts.com/warren-buffett-on-what-s-next-in-the-payments-industry-2 The transcript link: http://pymnts.com/transcript-warren-buffett-on-what-s-next-in-the-payments-industry/ The first part of the interview deals with his views on the economy. Although I …
In this post I would like to highlight ECRI and some of its recent statements, after which I will make comments. From a recent (7/14/09) Newsweek story, quoting ECRI, found here: http://www.businesscycle.com/news/press/1481/ “From our vantage point, every week and every month our call is getting stronger, not weaker, including over the last few weeks,” says …
I would like to mention an article in today’s Wall Street Journal, titled “The Economy Is Even Worse Than You Think.” http://online.wsj.com/article/SB124753066246235811.html I found the article does a good job of highlighting certain characteristics of this period of economic weakness. These characteristics reinforce a theme mentioned previously on this blog, that we are in a “new (economic) environment.” …
Here are some recent articles in which corporations opine about the economy. In general, in these articles it is seen that these corporations agree with the current economist consensus that “the worst is over”: U.S. Economy: Manufacturing Shrank Least Since August (Update1) http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_.lKyRsGFJg “Car Makers See End to Sales Slide” http://online.wsj.com/article/SB124646313562280557.html “FedEx Sees Signs of a Turnaround” …
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 would like to call attention to an article written a few months ago by Scott S. Powell titled “‘The Road to Sefdom’ – Revisited.” Although I don’t entirely agree with all of its points, it presents several themes and points that I believe to be very important and worthy of serious contemplation. Here is the …
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 …