The financial markets are not as good as people think. Yes the Dow is over 10,000 and stocks may look strong but the market doesn’t reflect reality. The economy is poor with unemployment around twenty percent (those not looking, unemployed for one to two years, underemployed and on no one’s radar.)
Last year after the market lows–the market came back, but the economy did not. Right now there isn’t much upside in the market, recent number are encouraging but not sustainable.
Government actions aren’t helping. With the rising deficit, increase in impending taxes and with less regulatory certainty on health care, energy and financial reform it makes the markets too uncertain for business to invest or hire.
The truth about unemployment – it is conceivable we may be looking at of 8-9% unemployment for the next five years.
Relative to financial regulations, the government will probably extend greater regulations on hedge funds, private equity and prop trading desks. The government needs to let the financial institutions fail so it doesn’t spread. The too big to fail is a fallacy. Let them break up.
With regulatory uncertainty in the financial industry, health care and energy it strangles business decisions—investing and hiring.
The White House is more afraid of voters than they are of Wall Street; however, our current conundrum is government is both government and big business simultaneously. That’s a problem.
Financial reform will make the markets worse, recovery far more difficult. Unfortunately, Obama isn’t helping and for some reason no one in the White House seems to understand business. Maybe they could hire some small business people–they know how the economy works.
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This article is the type that can easily discourage people as the current unemployment rate is at an all-time low, and the economic situation does not seem to be as resilient as it once was. Most people are concerned with their individual employment status and a resource that can help people gain perspective is material that presents the reality of the situation, but also notes the hope that can be found individually within people and businesses. Stephen Covey recently released a book called Predictable Results in Unpredictable Times. This is a good read for those who are willing to take control and regain hope in what seems like a never-ending crisis.
Nice post. I like this blog because through this I can share my thoughts and ideas and I’ve learned also by reading there comments.Thanks for the information I’m looking forward to read more of your post.Keep it up and continue keep on updating us! The recession today is most problem in our country
Nice post. I like this blog because through this I can share my thoughts and ideas and I’ve learned also by reading there comments.Thanks for the information.Its really a big help to me.Anyway, I’m looking forward to read more of your post.Keep it up and continue keep on updating us!
I think it’s time to look for other outlooks in some of the Asian countries.
R. Kirk Patterson,
I appreciate you stopping by, taking the time to read my blog, then share your comments and thoughts. Many people would just go on by. So thank you for entering into a discussion.
However, while it may be in many people’s interest to put forth a false sense of truth or put a good face on economic truths, and write what one wants to hear instead of reality–I would prefer to deal with the reality. And that is why I write this blog.
There are plenty of places one can go to get “feel good” information.
My information is based on access and insight from experts most people don’t have access to–and the goal is to help others learn and prepare.
I share the information–one can choose to accept it or reject it.
Great post, very informative. Keep up the good work, Thanks.
I used the link you sent me on twitter, and am glad I did. I like the style of this blog, and how it delivers reality, rather than sugar-coating. The truth is indeed, that government is business also.
Just because a blog doesn’t sugar-coat doesn’t mean it is pessimistic, just realistic (obviously facts and opinions are separate, but both are able to be backed up statistically etc) which if anything should give people a way of accepting reality and more hope of tackling the crisis responsibly and with the optimism of knowing there is hope.
Thanks for posting this.