Posts tagged “Mike Walden”
Tough times: Unfortunately, there's no "easy button" to push to magically create jobs and income. The good news is that consumers are doing what they need to do - working off excesses they built up in earlier years. The bad news is, this takes time.
Analysis from NCSU Economist Michael Walden: Based on the World Economic Forum Global Competitiveness Index, where does the U.S. rank in the latest reading for 2010? The answer is number two out of 133 countries. Only Switzerland ranked higher. The U.S. actually ranked number one in 2008 and 2009 and only missed the top spot this year due to the depth of the recession.
Analysis from NCSU Economist Michael Walden: The strong growth of the past six months has been fueled by businesses restocking their inventories and consumers opening up their wallets after two years of pinching pennies. Now, however, the inventory replenishment is almost complete, and consumers have returned to facing the reality of the high debts they continue to carry.
Analysis from NCSU Economist Michael Walden: Many economic historians have argued that capitalism has brought more prosperity to more people than any other economic system developed. But the economic events of the last two years have called the system into question. Each person will have to decide the degree to which capitalism is at fault.
Economic analysis from NCSU's Michael Walden: While N.C.’s economy is no longer receding, current levels of the major indicators are still well below pre-recessionary levels. The economic recovery will likely proceed at a slow, agonizing pace, in large part due to the debt reduction households need to rebalance their financial sheets after their significant loss of wealth.
Analysis from NCSU’s Mike Walden: Borrowing from my meteorological friends, I would call our economic future partly cloudy with the possibility of sunshine if the correct conditions prevail. You - and time - will decide the accuracy of this forecast.
Analysis from NCSU’s Mike Walden: There's no question our economy faces challenges, and in many ways it's harder to work and succeed today than in previous decades. But there is an upside. In the past, recovery has often been associated with major inventions, new industries and unpredictable opportunities. Many futurists think we're on the cusp of another such economic rebirth.
Analysis from NCSU’s Mike Walden: Based on the technical, economic definition of a recession, it could very well be a thing of the past. The problem is there's a difference between how an economist defines a recession and how a recession is considered among the general public.
Analysis: We want people to have access to the best possible health care. However, we also want to shield people from the cost of this health care. Furthermore, as medical science advances and health care professionals can do more for more people, the cost of our health care rises.
Analysis: With the economy still fragile and investment markets uncertain, where should investors consider putting their money? What are the pros and cons of moving investments away from safety? There are few easy answers.
Analysis: The policy options for boosting jobs couldn't be wider - from the government doing a lot more to the government doing a lot less. But one conclusion is certain: there is no easy plan, no silver bullet, for getting us back to job growth.
Analysis: Spending by consumers still accounts for the majority of economic activity. And consumer spending is sluggish because people are spending less and saving more in order to reduce debt. That means the economy will also be sluggish. A sluggish economy means jobs - even when they start to come back - will return very slowly.
Analysis: Economists think the economy is finally turning for the better. But they can be wrong. Therefore, it's important for individuals to try to track the economy themselves. NCSU economist Mike Walden spells out indicators to track.
Analysis: While many people believe the outlook for jobs in the U.S. is gloomy, three factors indicate otherwise. One is the innovation in the U.S. private sector. Others: Overseas wage advantages will begin to lessen, plus being physically close to customers has its advantages.