71% Worry About Economy “A Great Deal”

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 … Read more 71% Worry About Economy “A Great Deal”

Warren Buffett – Recent Interview

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 … Read more Warren Buffett – Recent Interview

Recent ECRI Statements

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 … Read more Recent ECRI Statements

Various Characteristics of Today’s Economy

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.” … Read more Various Characteristics of Today’s Economy

Some Corporate Views On The Economy

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” … Read more Some Corporate Views On The Economy

The Importance of Scenario Planning to Businesses

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 … Read more The Importance of Scenario Planning to Businesses

“Opportunity of a Lifetime”?

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 … Read more “Opportunity of a Lifetime”?