Ken Goldstein
Ken Goldstein
Ken Goldstein, also known as Kene G and Jack Dempsey, born June 1969, is an American film and television writer, producer, director and occasional actor. He is a co-founder of Planet illogica and CEO of The Six Shooter Company and the author of the book series, The Way of the Nerd. Goldstein is an active speaker at conferences and festivals, universities and private and public institutions. He has been a featured and Keynote speaker in Brazil, Australia, France and Germany...
economy wrong
There's nothing wrong with the economy right now. That's not the issue,
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With slower hiring, and indications that hiring might remain soft in the months ahead, the economy could struggle, setting up a self-fulfilling prophecy.
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The recovery in the leading index could indicate that the economy is poised for growth by late summer. There appears to be enough economic demand to end the slide in industrial production, though no strong rebound appears in sight.
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The two-month decline in the index suggests that the already-weak economy is likely to remain weak into next year.
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With the price of a barrel of oil rising above $70, and with interest rates slowly increasing, the global economy isn't likely to be picking up steam soon.
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The overall Leading Economic Indicators began to edge down in July, suggesting the economy was losing steam this summer and would continue to slow down in the fall.
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They're saying the economy stinks this summer, for whatever reason, but their anticipation is that it will turn for the better.
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This could be a signal that the economy will continue to expand this spring before slowing later in the year.
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Overall economic momentum is no longer firing on all cylinders. And hiring intentions this summer are suggestive that companies may not increase hiring until the economy regains more solid footing.
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Rising business costs and uncertainty in many companies about price hikes is a major consideration now in how fast the domestic economy can grow, especially in the second half of the year.
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If the economy cools a little, the labor market may also cool. Even if energy prices were not going through the roof, the biggest road block would still be the cost of a new hire.
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begin to make way for a better economy this fall.
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High and potentially rising energy prices are one consideration in this outlook. Rising costs and questions about whether they will be matched by price hikes are also a factor in how fast the economy grows this spring.
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The economy has been on a little bit of a seesaw, where we have had a softer fourth quarter, perhaps (a) still somewhat soft first quarter, with some improvements certainly for the second quarter.