Double Dip Recession – Will You Choose to Participate
“The Upside of the Downturn” by Geoff Colvin
It is difficult to find someone who has been more consistently both negative and positive on the economy for as long as I have. Because my consulting clients count so heavily on me to have my finger on the pulse of the economy and the market for professional service firms, I can’t be bullish about the economy when the facts (still) don’t support it. Just last month on this blog, I wrote about Six Reasons the Economy Will Continue To Be Bad in 2010. On the other side, I … [Read more...]
Opportunities Abound Even in Dismal General Economy
Notwithstanding my very strong beliefs that the general economy will continued to be very troubled in 2010, I am incredibly bullish on the opportunities that will be available for the agile in 2010. The downturn in the economy is accelerating the pace of change in industry after industry. And, in industry after industry, innovators are taking business away from dinosaurs who rumble around asking “when the economy will go back to like it was?” While the dinosaurs … [Read more...]
Six Reasons The Economy Will Continue To Be Bad in 2010
It is often said that the mainstream media loves to trumpet bad news. Although this is often true, we are seeing a quite different pattern with respect to economic news. People are tired of reading/hearing about bad economic news so mainstream media has seemingly taken to trying to trumpet every glimmer of economic improvement as evidence a turnaround has occurred. I beg to differ with anyone proclaiming a turnaround. Before sharing six reasons why I believe the economy … [Read more...]
Underemployment Problem Beginning to Get Much Needed Recognition
A couple of weeks ago, I wrote about my concerns that all of the focus on the unemployed diverted focus from an equally important, and perhaps larger, problem -- the underemployed. Delighted to see a feature article today in the Wall Street Journal covering the plight of the underemployed. Working Two Jobs and Still Underemployed brings much needed focus to this serious problem. Regrettably, many members of this subset of those impacted by the current severe downturn … [Read more...]
The Truth About the Unemployment Statistics
Over one year ago, I publicly predicted that unemployment in the United States would climb above ten percent in this recession/depression. I took no joy in making that prediction, and I take no joy in having seen the prediction come true. But far worse than this statistic is the news behind the news. Much more devastating is the number of people who are employed but at relatively menial jobs where the pay and non-monetary rewards is a fraction of that for which they are … [Read more...]
