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HomeHow Much Did Crisis Cost Economy? Begins with a T
Posted by Larry Doyle on January 29th, 2013 2:05 PM |
Have you ever wondered what a best guesstimate might be as to how much the 2008 crisis cost our economy? Well, not that many outlets around here may care to highlight this information, so let’s navigate to a Russian site, Rianovosti, at which we can read and learn,
The absence of criminal accountability for a crisis that cost the U.S. economy trillions of dollars in GDP and wiped out billions more in personal wealth amplifies the risk of a similar financial meltdown in the future, according to securities experts and former regulators.
Trillions?? That is a large number even by today’s standards where many in Washington throw the “t-word” around like it is no big deal. Can we get more specific? (more…)
Xu Xiaonian Speaks ‘Sense on Cents’
Posted by Larry Doyle on January 24th, 2013 9:04 AM |
Who would have thought that we would or should need to navigate to The People’s Republic of China to gain a basic understanding of how to grow our economy but let’s do just that and meet Xu Xiaonian of the China Europe International Business School.
What is the CEIBS vision?
To become the most respected international business school by linking East and West in teaching, research, and business practice and by promoting China’s social and economic development through high-impact knowledge creation and dissemination.
What pearls of economic wisdom, or dare I say ‘sense on cents’ does Professor Xiaonian have to share? (more…)
What Is Really Going On in Global Economy/Markets?
Posted by Larry Doyle on December 12th, 2012 11:58 AM |
There is a reason that Jeff Gundlach and team at Doubleline have gone from zero to $50 BILLION in assets under management in a shorter time frame than some people can go to the bathroom and get back to their desk. What is that reason?
In my humble opinion, Gundlach and his colleagues have an uncanny ability to be three steps ahead of the competition while scanning the global economic and market landscape from a 360 degree angle. What makes them even more unique? (more…)
My Focus on Exports Not Employment
Posted by Larry Doyle on August 3rd, 2012 9:50 AM |
The monthly jobs report came out and is viewed as slightly better than expected but provides both sides of the political debate sufficient fodder to spin it to their advantage.
While equity markets want to put a happy face on the report (an increase in non-farm payroll of 163,000 jobs along with an uptick in the unemployment rate to 8.3%), I have little real confidence in the report signaling meaningful improvement in our economy.
Why am I concerned that our economy is poised to slow and potentially contract? Forget the employment report, let’s look elsewhere to get a better read on economic growth going into year end. (more…)
How Long Will ‘Walking Pneumonia’ Economy Linger? Rogoff’s Sobering Reality . . . . Recommended
Posted by Larry Doyle on June 15th, 2012 8:15 AM |
I have long compared our economic malaise to a severe case of ‘walking pneumonia.’
Is there any doubt that our economic pleurisy persists? America knows it does because collectively we feel the daily pain and anguish of this condition. Our President and his policy mavens seem to have just now learned they cannot fool the American public into thinking our economy is improving while the public experiences a very different dynamic.
Given the reality of our ‘walking pneumonia’ economy here at home and an equally serious case of this malady in Europe, two questions are screaming to be answered:
1. How long will this situation persist?
2. What can we do about it? (more…)
Why Obama Is in Real Trouble
Posted by Larry Doyle on May 31st, 2012 5:33 PM |
It’s the economy, stupid.
Ultimately people vote their pocket book. To that end, this upcoming election should be very, very interesting.
A full three plus years after the onset of our supposed recovery and our economy remains plugged into Ben Bernanke’s life support. The European drag on the global economy is not going away anytime soon. In fact, if exacerbated the European fiasco may very well cause our own economy to fall back into recession.
On this note, how is our economy doing currently? (more…)
Niall Ferguson’s Keys To Economic Growth Recommended
Posted by Larry Doyle on April 29th, 2012 12:41 PM |
I truly love gaining global insights and perspectives from highly intelligent people. I had just such a treat this morning in reading a Barron’s interview with the economic and financial historian Niall Ferguson.
What did this Harvard professor have to say on a topic which should be a MAJOR point of debate for our 2012 Presidential election? A lot. Let’s navigate.
Barron’s: There are once again concerns about U.S. growth. What factors are keeping the economy from reaching what you call “escape velocity”? (more…)
Duke University/CFO Survey: Cautiously Optimistic Recommended
Posted by Larry Doyle on March 7th, 2012 1:07 PM |
Hot off the press, I just received the Duke University/CFO Magazine Global Business Outlook Survey. The survey highlights reasons for real optimism domestically but with ongoing concerns and risks as well. Let’s dispense with the formalities and dive right in to the voluminous amount of detail within this cutting edge and timely release.
Where else are you getting this sort of real time insight?
Let’s navigate.
DURHAM, N.C. — Optimism among U.S. and Asian chief financial officers jumped this quarter and the hiring outlook is strong for 2012. European CFOs also say 2012 will be an improvement over a difficult 2011. >>>>>>>> (more…)
ECRI Forecasting Global Economic Slowdown
Posted by Larry Doyle on May 19th, 2011 8:30 AM |
What lies ahead on our global economic landscape?
Pack lightly because the economic road ahead appears to be increasingly challenging. While government mouthpieces and their media friends are wont to look in the rear view mirror for hints of easier traveling, the wise travelers amongst us always keep our eyes on the road ahead.
Who can help us navigate the upcoming terrain and is forecasting a steep economic slope? I thank one of this blog’s most loyal supporters for introducing the Economic Cycle Research Institute to Sense on Cents.
What exactly makes the ECRI so special?
ECRI is the world’s foremost predictor of recessions and recoveries. (more…)
May 8, 2010: Market Week in Review
Posted by Larry Doyle on May 8th, 2010 9:33 AM |
The bill comes due.
This week’s bill is in Greece. The bills right behind it are in other EU nations. The larger bills are in the UK and the US. How will they be paid?
A combination of fiscal austerity measures, debt restructuring, monetization through currency devaluations, and potentially defaults. The civil unrest playing out in Greece is likely a precursor to similar unrest in other nations. Unless and until real fiscal discipline is implemented and executed, this civil unrest will spread.
Fiscal discipline may stunt short term government stimulated economic growth, but that is the only remedy for a path to long term economic prosperity. Washington has shown no appetite nor inclination to write this prescription. Our future is and will continue to be very challenging until they write the prescription. As I wrote the other day, “Athens Today, London Tomorrow? Washington Next Week?”
Welcome to the Sense on Cents Week in Review where I provide a streamlined recap of month-to-date market returns. (more…)
