There’s a decent chance that if you walked up to a U.S. soldier fighting in Iraq or Afghanistan, some piece of equipment on his rifle would be stamped with the words, “Boulder, [...]
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As we ring in the New Year here are the top Good News Headlines of 2009. 1. Graphs That Lie (A First Look 1974 vs 2008 Stock Behavior) 2. What was Warren Buffet doing in 1974? (Invest Now and Get Rich) 3. John Cassidy (The Eternal Pessimist) Sees The Light 5. Evidence Points To Recession’s End by July 6. ISM Index Turns Northward (and never looked back) 7. The Stimulus Passes (and naysayers still abound) 8. The Bull Market Move (will leave many in the dust) 9. 101 Economic Positives (the first 101 of 2009!) 10. Corporate Layoffs Subside (substantially) 11. Stock Market Bottom Called Three Days Before the Low 12. This time is NOT Different 13. 50,000+ Job Opportunites In 28 Firms 14. The Recession is Over (In June – NBER will confirm later) 15. Homeowners Cheer LIBOR (And the cheering continues today) 16. Home Prices Up (in a dozen cities and counting) 17. Second Half Growth (coming on strong) 18. Clunkermania 19. Bad News Bears Battle Break-Neck Bounce (and the bears continue to retreat) 20. US Job Growth Likely By Christmas 21. UPS and Fedex add 64,000 Workers 22. FedEx Reports Jump in Package Deliveries 23. Texas Adds Nearly 70,000 Jobs 24. Nasdaq Now Up Nearly 75% From 2009 Low 25. Christmas Week Data Points to Rosy 2010 Happy New Year to All!
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Brian Wesbury is one of the more optimistic professional economists out there. He’s proud of being dubbed “Mr. Sunshine.” Wesbury is chief economist at First Trust Advisors of Chicago and his assessments on the economy are quite in line with what you read here at the Good News Economist day after day. He even has a new book entitled “It’s Not As Bad As You Think.“ His current unpopular predictions: 1. Like the Good News Economist blog, Wesbury predicts economic growth of 5% or more in Q4 of this year. 2. His job growth predictions mirror our prediction of a return to net job growth in December with unemployment falling below 8.5% by the end of 2010. 3. On housing he is bullish as well. He says things are improving so fast that by the third quarter of 2010, there will likely be a hot seller’s market in the housing segment of the economy. 4. He also sees (like us) retail sales that are now up at an annualized rate of 7% in the last six months of the year. 5. He points to manufacturing output that is up 8% and inventories that are now extremely low. The meaning? Manufacturing has fallen behind and firms have likely waited too long to try to catch up with demand. The result? Manufacturing activity will accelerate quite quickly in coming months in order to restock inventories and catch up with demand. 6. And finally he asserts that tight credit condition claims are overblown considering the tremendous money supply. “Money is like a flood” claims Wesbury. It will find its own level and with so much liquidity in the system, the flood will find its way into the economy one way or the other. Tighter credit policy is similar to other recessions, and those non-accommodating stances did not stop those recoveries. Wesbury summarizes, “I’m an optimist on the economy and its long history shows I’m usually right.” Feel free to repost this story on your favorite social network…
Boulder County, Colo. – HIRE Colorado, an innovative subsidized employment program that provides short-term employment to qualified adults, is recruiting applicants for its Internship and On-the-Job programs. The HIRE Internship Program, which pays an average of $15 per hour, provides a paid workforce to non-profit and government agencies for short-term projects. “The internships are a great way for people to get back to work,” said Deb Beaton of Workforce Boulder County, the HIRE projects’ local administrator. “They are short-term jobs, but they help people get a foot in the door, get some experience, and see the inner workings of local government and nonprofit agencies.” HIRE Colorado is also recruiting for the On-the-Job Training Project that helps businesses pay to train new employees. Workforce Boulder County pays half of the wages of new hires for 1-3 months, up to $5,000. Qualified applicants are referred to businesses for final screening. To qualify, applicants must: For application information, please visit www.wfbc.org or contact Sara Miller at 303-301-2922 or Fine Art Photography Print Bird Land Sunset Erie trustees on Tuesday backed off a proposal to ask voters to decide on a controversial proposal to connect Bonanza Drive to Vista Parkway. Instead, the trustees voted 5-1 to direct town staff to start the design process for an extension, looking into engineering and cost [...] Maui Hawaii Driftwood Fine Art Seascape print Erie leaders say the extension could boost the town’s commercial development prospects and improve safety response times and overall connectivity within Erie. But whether the voters or town leaders should decide on the extension is up for [...] |
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