Posted on 10 March 2010 by The Don
This March’s economic outlook is going to be a look at some of the various states out there but also some of the people’s perspectives in those states. As you may have read in our earlier article about which states were recession proof, the world is very different based on which state you live in, the post effects of the recession vary, and the level of recovery will also be tremendously different.
So which states are best and what are people feeling?
Posted on 16 February 2010 by The Don
Its already mid month and we wanted to bring you the latest economic outlook prior to the month ending as many things are now on going in the economy and in the world of politics that are directly related to our economic future. Here is a brief outlook before we deep dive into the real breakdown of each: 1. The Feds will keep the prime rate low, 2. The Senate might be overturned to Republicans, 3. GDP and unemployment shows no real growth, and 4. Banks are paying back their bailout money.
So lets get started with the deep dive…
Posted on 09 January 2010 by The Don
The 2010 Economic outlook is here and its going to be a great year, it seemed like 2009 was never going to end but it finally has and despite the fact that most of us survived through it, it goes without saying that it was a tough year. For 2010, I am anticipating that the sun will not be shinning through just yet. The storm has passed but the roads are still wet and therefore we now have to drive a bit on wet roads before getting nice roads and sunshine ahead. For the 2010 economic outlook of January, we are going to look at 2009 and talk about the two programs that have helped us come out of this mess, but also look ahead at what is to come next.
Lets get straight in to the 2009 plans that have saved us or perhaps doomed us…
Posted on 05 October 2009 by The Don
The Economic Outlook is back and its already October. It’s that time again to take a look at the economy in a nutshell and understand where the month will take us. The big highlight of the month is the G20 summit which is well underway and is not looking very promising, followed by the cost of Gold and finally the troop surge that the generals are asking for in Afghanistan.
Posted on 03 September 2009 by The Don
Its time for September’s Economic outlook and believe it or not, it is promising for once as the economy has already hits bottom. The interest rates continue to remain low, the housing market picked up quite a bit and the consumer spending index has been very promising and positive.
Posted on 02 June 2009 by The Don
The economic outlook for June is not looking as promising as last months. Consumer spending took a huge beating in late April and May with figures showing losses of single digits. The housing market on the other hand continues to do well with sales up single digits as well. Unemployment will cross the 9% rate as General Motors announced it Chapter 11 bankruptcy and the world will continue to go round and round.
Posted on 18 May 2009 by The Don
In recent months we have seen small but steady increases in the consumer spending index, which is a great indicator of a moderate recovery. Despite the fact that this alone is not a guarantee of recovery, it is a good indicator of things to come especially as it has a direct correlation with the housing market, the stock market and the consumer confidence index.
Posted on 22 April 2009 by The Don
So here we are and the end of April nears. Lets look at some highlights of where we are so far in this economy. This month continues to show overall improvement for the economy but again shows no sign that consistency is here to stay.
Posted on 12 February 2009 by The Don
For 6 months in a row consumer spending has been down and going even deeper into the negative but for the first time in 6 consecutive months, the price index for January shows a 1% positive gain. Yes, 1% is not much but this is a huge indicator usually a bottom out of the market is near.
Secondly, foreclosure rate were drastically lower in January compared to December, another great indicator of a small incoming turnaround.
We are going to have to monitor this very closely as we could see a market bottom out in mid 2009 and moderate growth towards the later half of 2009. The economic recovery plan will play a heavy weight on this potential turnaround and might be a necessary evil after all.
The lack of info available about the plan itself has left many disappointed but I look at this as a good sign, and look forward to hearing the detail and timing of the disbursement of $800 billion of our tax money.
These small signs are great indicators and will have to be followed closely in February and March, it is typical however that the real estate market picks up a bit in spring and will cause more cash to move through the economy, as well as boost consumer spending which ends up growing consumer confidence.
Posted on 26 January 2009 by The Don
In this economy, it is difficult to remain positive. It is even more difficult to feel confident that the economy will turn around.
We are faced everyday with new challenges as we hear of continuous problems facing our economy, some have past, some are present and some bad times are still ahead. The reality is just that, times are not the best this country has seen nor is this the best time you’ve seen.
It is easy to get caught in all the news, the gossip and the general media out there and simply get afraid of things to come. The reality however remains that this is the exact attitude that will keep us where we are, and keep us from getting out of this mess. The economy is directly tied to consumer spending and therefore the main reason it is down, is the lack of confidence from people in the economy.
We discussed earlier that the way to fix this economic mess is not to inject more money by borrowing it, but rather recirculate existing money within the system to better use.
Regardless of what the ultimate fix is to this economy, it is important that consumer spending increases and recirculates the money in retail institutions who can then remain profitable and keep more staff on hand which prevents unemployment. I am not advising that you go out and spend all your money as you would normally do, I am simply suggesting caution when spending instead of fear. Business owners and managers who manage with the fear of losing everything end up losing more, as they do not pay attention to their business but spend time driving themselves mentally crazy.
Make correct choices that allow you to continue living life while remaining cautious of your spending but not keeping you from your regular day to day activities. If you have to make changes, reduce your habits, but do not change your way of life.
Posted on 06 January 2009 by The Don
Many economists predict that the economy will turn itself around in 2009, a major change is expected by mid year as many are optimistic now that the feds have drastically cut the fed rate, causing mortgage rates to fall at an all time low. With 30 yr fixed rates going to high 4% and the 5/1 Adjustable Rate Mortgage at mid 4%, home sales are expected to rise faster than ever and foreclosures are supposed to start going away.
| DJIA | 10685.98 | ||
| NASDAQ | 2378.01 | ||
| S&P 500 | 1159.46 | ||
| PFE | 17.26 |
