A New Gold Rush | The Wall Street Journal
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Tag Results: economy
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- kilele
“…between 2001 and 2003 recession, there were 15 consecutive months of job losses. That recession officially ended in Nov 2001 (don’t forget that the NBER back dates recessions) and job growth returned June 2002. The 1990-1991 recession ended in March 1991 and job growth returned in June 1991. The recession in the 1980s ended in Nov 1982 and job growth returned in January.”
U.S. Economy: Emerging from Recession | Kathy Lien | FX360.com
This came from the comments of this article. Great piece of data emerging from the dialog sparked by a good article.
Singapore during the economic crisis: They along with some other Asian countries had surpluses during prosperity and now during this depression are using cash to buy low and invest in infrastructure. Obama is trying to make the same type of investments but this country has no cash. Quite the dilemma, the United States is in. Fundamentals point to a strong Asia.
They say Dubai has the most cranes in the world but “they” haven’t been to Singapore. I’ve been to Dubai and Singapore is definitely giving them a run for their money. Down economy? Not here my friends. New construction and business is booming. This picture doesn’t even begin to do it justice.
Excerpt from "The Next Crisis: Coming in 2011"
- HBP:
You advise CEOs every day. Assuming you are CEO of a company today, what do you do?
I'd be extraordinarily focused on investments outside of this country. To the extent you have a global footprint, if you are not overinvesting in Asia and the developing countries, you are out of your mind because that's the source of growth. I would also do everything I could within the Western countries to gain share in the next six quarters, whether through acquisitions, prices, or whatever it takes to get you in an extraordinarily strong market position. If you're not there, or don't think you can get there, then I would get out of those businesses.
-- Bill Achtmeyer, Chairman and Managing Partner of the Parthenon Group, gives some great insight in his interview for this article. If you in any kind of business, READ THIS ARTICLE. It makes a lot of sense.
- Article:
http://blogs.harvardbusiness.org/tjan/2009/09/the-next-crisis-coming-in-2011.html (sorry it's not a link.)
“Africa’s population is growing faster than any other major region and economic growth over the last decade has fostered a middle class that still has money to spend. “The large consuming middle classes are increasingly affluent, increasingly brand aware and they are now buying through the formal retail network”…”
“For digital technology not only killed the speculative economy, but stands ready to build us a real one.”
How the Tech Boom Terminated California’s Economy | Fast Company
Interesting read. While I don’t agree with most of it, this quote really hits the nail on the head.
“The market is the engine underneath the economy, fueling services and innovation via capital gains taxes and good old fashioned wealth creation.”
Depressions are Stylish | The Fly (via @The_Real_Fly)
How sexy is that? I love it!
Is This The Economy?!
I am CREDULOUS right now! Malls open at 10:00am (any standard time). This one did but guess what?! The joke is on the consumer because the STORES didn’t open until 11:00am. No, scratch that, just some time AFTER 11. Even the department stores were barred until late. Wow. The consumer wants to spend money. It seems as though traditional businesses don’t want it. Traditional business models are FAILING on a global scale. Cutting costs in a recession should be the absolute last priority. Instead, cutting hours and apathetic employees led to these businesses missing out on the most resiliant market segment in any economy: the consumer that WANTS to spend her money.
“Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar… Any move to make the renminbi more acceptable for international trade… could enhance China’s political clout around the world.”
