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...
business consumers factor picking rather run sales start
If all we've had is consumption, not business investment, there could be a self-fulfilling factor here, ... If consumers run out of patience, they start trimming sales a bit, and the economy, rather than picking up, may weaken a bit. Then the consumer says, 'See, I told you it was going to happen.'
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Consumer sentiment about job prospects over the next six months dipped in January. Thus, not only are the indicators suggesting modest gains in hiring, but consumers also do not think more new jobs will start opening up this spring.
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That the index is starting to turn more positive is telling us to look for a better economic outlook overall as early as spring.
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If we were starting from scratch and had to put all these systems in, that would be costly, but the incremental cost of making sure we have the latest version of protection against the latest version of a virus is not really that much.
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The flat pace in the leading indicators points to continued moderation in U.S. economic activity. This is reflected in indicators for manufacturing, housing, consumer, labor, and financial markets. The economy is starting to reflect the impact of growth restraints.
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We might still be seeing some small declines in manufacturing overall, but even that's a mix. This year you'll see more hiring in nondurable manufacturing sectors such as in chemicals, in rubber, in plastics, in paper.
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The September data indicate a general weakening in the job picture nationwide -- a trend we were seeing before the recent hurricanes, ... That data is consistent with the latest CEO Confidence Survey, which is also down.
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These data suggest the post-holiday labor market will remain relatively soft -- probably delivering a little less than 200,000 new jobs a month on average.
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The storms and flooding, and now the rebuilding and dislocations in the Gulf Coast area, are taking place in a weakening national labor market.
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The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.
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The strong signal from the indicators means that the recession could be over soon. Three successive monthly increases, each larger than the one before, bring the level of the leading series above the pre-recession peak.
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The spike in energy prices is another major factor changing the direction of the economy, worsened by a decline in confidence by both consumers and chief executives.
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The significant increase in the leading indicators during the last six months, tempered only by the financially related pause in February, points to forward momentum in this expansion.
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Essentially the story is we have got moderate growth through the first quarter. We may tick up in the second quarter and we may tick down in the third quarter. Growth is going to be a little slower second half of the year.