All Articles Tagged "economic"
Entrepreneurship Advice For The Class Of 2010
(Entrepreneur) — Congratulations to the graduates of the class of 2010. You have degree in hand and are excited and ready to face the many opportunities that lay ahead of you. Undoubtedly, many of you harbor the desire to fulfill the true American dream and successfully build your own business. True, the current economic climate is tumultuous, but down markets are actually a fantastic time to take risks, as long as they are calculated. But if entrepreneurship were easy, everybody would be doing it, right?
Entrepreneurship Advice For The Class Of 2010
(Entrepreneur) — Congratulations to the graduates of the class of 2010. You have degree in hand and are excited and ready to face the many opportunities that lay ahead of you. Undoubtedly, many of you harbor the desire to fulfill the true American dream and successfully build your own business. True, the current economic climate is tumultuous, but down markets are actually a fantastic time to take risks, as long as they are calculated. But if entrepreneurship were easy, everybody would be doing it, right?
The Sagging of the Middle Class
(New York Times) –Nancy Folbre is an economics professor at the University of Massachusetts Amherst. It’s not that all middle-class jobs have gone missing. It’s just that their growth is sagging compared with that of other jobs. No giant sucking sound, just the gentle hissing of an inner tube losing air, threatening a flat tire that could send the American dream machine off the road.
Entrepreneurship Goes Global
(Businessweek) — Among the global economic upheavals of the past two decades, here’s one worth cheering about: the worldwide spread of entrepreneuriship. Anyone who doubts that should have headed to Monaco last weekend for the World Entrepreneur of the Year awards ceremony. The 42 countries represented at the event included China and several former Soviet-bloc nations – places where starting a private business was illegal not so long ago. In other countries, the weakening of traditional business structures, such as Korean chaebol, have created opportunities for smaller players. Tax and regulatory reform, the lowering of protectionist barriers, technological advances and the rise of the Internet, all have made it easier — though certainly not easy – to create and build a business.
Market Rationalizing So-So Data
By Charles Payne, CEO & Principal Analyst
The market is acting great on mostly mixed economic data. I’m not completely surprised a pattern has set in on jobs report week that sees Mondays come on strong and then the middle of the week pullback on anxiety and so-so economic data. The good news for the market is that expectations are lower for most of the data due out this week. Plus, big misses could be chalked up to the weather, so in effect market bulls can claim victory no matter what the numbers are�and imagine the data that comes in ahead of consensus.
The hottest niche of the economy, manufacturing, expanded for the seventh consecutive month. The headline ISM number missed consensus (57.5) but at 56.5 was still above the magical 50.0 expansion marker. There were negatives, including exports declining to a reading of 56.5 from 58.5, new orders slipping to 59.5 from 65.9, and production off 11.8% to 58.4. These reversals add to the double-dip recession argument. The bright spot was employment which climbed to 56.1 from 53.3. I think that the strong dollar hurt the export reading but I like that commodities are coming on, with some respondents saying metals are enjoying their best quarter in a few years.
The numbers are basing, looking for a spark.
Construction spending was down although a little better than expected. Consensus was for a decrease of 0.8% but the actual number was 0.6% decline. Residential construction actually edged higher to $269.2 billion from $266.2 billion (annually) but non-residential slipped to its lowest level since April 2007, as hotel spending dropped 9.8% month over month.
Charles Payne is the CEO and Principal Analyst of Wall Street Strategies . This post was republished from his company’s column, WStreet Market Commentary.
