21 May 2009

Where Is the Economy Going?

Confused by all of the mixed signals? Gallup’s chief economist, an early forecaster of the downturn, tries to clear things up.

A GMJ Q&A with Dennis Jacobe, Ph.D., Gallup’s chief economist
Executives are getting conflicting signals. They’re told the U.S. GDP contracted sharply in early 2009, but also that the recession is bottoming out. Gallup Chief Economist Dennis Jacobe, an early forecaster of the downturn, tries to clear up the confusion.
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Reader Comments
Cole T Posted On 5/26/2009 1:32:52 AM

Some people think that finding a job is hard these days due to the sudden changes in our economic situation. But others would find other ways to earn a living. Cleaning a house for example can help you earn a little cash. Cleaning houses on the side might make a nice little bit of casual income. However, you have to be reasonable, and make sure the rate you charge is competitive and fair. It could keep you from needing short term loans for a while, if you do a good enough job. Advertising your services is a good idea, and since there are several services you can advertise through on the cheap or free, such as Craigslist or local want ads, there's definitely opportunity to be had. A small payday loan to start a small side business cleaning houses could be well spent.

http://personalmoneystore.com/moneyblog/2009/05/20/avoid-short-term-loan-cleaning-houses/

Ante Lauc Posted On 6/26/2009 6:50:38 AM

i think that american HUMAN CAPITAL has the enormous power. The question for me is how to develop MOTIVATION through developing MORAL CAPITAL (mutual trust etc.), learning capabilities (increasing INTELLECTUAL CAPITAL), and finally SOCIAL CAPITAL (synergy between the people with the best hearts and minds). There is, (from my research) enormous difference between private and social rate of return in human capital, a between the investment in the human versus physical capital. It is not clear for people with old economic paradigms who are decision makers and only new ones should be selected to create autopoietic U.S. where Obama will top down and such people bottom up eliminate all unacapable in administration.

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