Wheat Goes Up, Prices to Follow from WSJ.com: Economy: Wheat futures surged 6.7% to above $7.25 a bushel, their highest since September 2008, prompting a range of companies to at least consider passing the cost on to consumers.
Nobel Prize-winning economist Paul Krugman’s recent column in The New York Times anticipating an extended economic downturn on par with the “Long Depression” of the 1870s and the “Great Depression” of the 1930s has stimulated a significant amount of discussion online. Are we going to have a third Depression? Among those weighing in is Professor
For the past year we have been hearing in the news regarding all of the cash that the Fed has pumped into the economy. The stock market has rallied and the banks have been making record profits. Until now we have not seen much direct results affecting our clients and the local economy. Over the
Often business owners go to great lengths to pay the company’s bills on time. Often at the expense of their not taking a salary. When cash is tight which is more important; your company credit rating or your personal credit rating and why? Personal Credit: How Important For Business Loans? Bankers don’t like it but
An article published recently in the Journal makes the case that smaller companies should pay attention to certain economic indicators, such as the Producer Price Index (PPI), unemployment rates, and consumer confidence. Yet most smaller companies take what the market will bear, and sell and buy in markets which are impacted by much more narrow
“The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that
Take our quiz: Name one government program that has been run cost effectively and efficiently! Well Run Government Programs I will give you two possible answers. The first is Social Security!. Unfortunately, Social Security is techinically bankrupt! It is really nothing more than a Ponzi scheme funded by IOU’s from the federal government. The other
How is the Internet affecting the changing business cycle? Thirty years ago information moved much slower than today! People communicated primarily via “snail mail”, telephone or face to face. In addition, information was obtained from the newspapers or magazines. The Changing Business Cycle The Internet is changing all of that. Today you have email, instant
I just read a thought provoking book about forecasting the 21st century. It is titled, The Next 100 Years: A forecast of the 21st Century, by George Friedman. Friedman is the CEO of Stratfor a private intelligence and forecasting company located in Austin, Texas. Barron’s has labeled Stratfor the “Shadow CIA”. They have a web
Durability bias in business is the tendency of people to project recent trends or occurrences into the future. If it happened in the past, then it must happen in the future. The term is often used in behavioral science and forecasting. Durability Bias in Business How does durability bias apply to business? Often business professionals
Fed Chairman Ben Bernanke predicts the future in a opinion article in The Wall Street Journal today. Mr. Bernanke goes to some detail explaining how he is going to suck out the liquidity sloshing around in the economy. It makes quite a bit of sense. I can see how the next phase of the economy
I just returned from the Microsoft Worldwide Partner Conference 2009 in New Orleans. At the conference I heard Steve Ballmer discuss the direction of the economy over the next several years. He believes that the world economy is going through an “economic reset”. Economic Reset According to Ballmer ,the world economy becomes overheated every twenty-five
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