RSS Feed
Twitter
Facebook
Email
HomeHas the Recession Really Ended?
Posted by Larry Doyle on July 26th, 2010 11:25 AM |
In the course of a discussion this past week, I made the point that I do not believe our economy has ever truly come out of the recession which officially began in December 2007. The National Bureau of Economic Research (NBER) is responsible for measuring the start and end dates for economic contractions and expansions. Why is it that the NBER has never officially declared an end to the recession? Interesting, very interesting.
On this topic, a good friend shared with me a fabulous piece which addresses our current economic health and the major hurdles for our future economic growth and prosperity. This piece, Quarterly Review and Outlook by Hoisington Investment Management in Austin, TX, addresses these hurdles in forthright, layman’s fashion. (more…)
Bill Gross Projects The ‘Threshold of Mediocrity’
Posted by Larry Doyle on July 3rd, 2010 7:31 AM |
Pimco’s Bill Gross, a Sense on Cents Economic All-Star, recently released his Investment Outlook for July 2010. In my opinion, Gross is an outstanding writer with an uncanny ability to communicate effectively on a host of financial, social, and psychological topics from both a macro and micro standpoint. Given those skills along with the fact that he manages the largest bond fund in the world, “sense on cents” dictates that we ponder his words of wisdom.
These words focus on the structural changes at work in the world today, and how investors should brace themselves for returns that are on the ‘threshold of mediocrity.’
Gross writes:
Global financial market returns stand at the threshold of mediocrity. With bonds priced not for recession but near depression, most major global bond indices now yield less than 3%, surely a forerunner of returns to come. (more…)
Flushing Money Down the Toilet
Posted by Larry Doyle on July 31st, 2010 2:02 PM |
To this point at Sense on Cents, I do not believe I have ever addressed the topic of population growth in terms of overall economic growth. Well, I guess we truly do learn something new everyday.
Global population growth rates (note: not the actual population) have been steadily declining over the last 40 years. What does this fact mean in terms of our overall economic engine, global growth, and domestic deficit spending? Pimco’s Bill Gross addresses these topics in writing his August commentary, Privates Eye:>>>> (more…)
Tags: Bil Gross, Bill Gross August commentary, Bill Gross August commentary Private Eyes, Bill Gross on flushing money down the toilet, Bill Gross on impact of population growth, Bill Gross on New Normal, deleveraging, demographic impacts on economy, flushing money down the toilet, Japan and US deleveraging, Pimco Bill Gross August commentary, Pimco's New Normal, population growth, population growth and population aging, Private Eye
Posted in General | 4 Comments »