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...
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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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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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Part of the real story here is that, through July, producers were still getting more output, with fewer labor hours put in. Productivity in the third quarter is probably going to be stronger than in the second quarter, confirming the idea that, while the stock market's not in good shape, the overall economy's not that bad.
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This is confirming the idea that, while the stock market's not in good shape, the overall economy's not in bad shape; it's nowhere near going into a double dip.
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You can't read a double dip into this, especially because so much of this is related to the stock market, rather than to the overall economy, ... The coincident index tells us where we are, which is in recovery. It's not really strong, but we're staying in it.
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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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I think we are going to get consistent job growth. The signals we're getting suggest we're on the road to better growth. Unless something else happens, then perhaps in a few months, we will finally get some good news in the labor market.
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People are doing what they want. A lot of the companies that are using these people are doing what they can do profitably.
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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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It can't just smell like a recession - it has to smell, look and taste like one.
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Some of the department store sales don't make sense to me,
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To me, that could well prove a more important issue than the impact of Katrina,
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The fact that the January number is back up to the higher level we saw in August 2005 indicates that the demand for labor is holding steady and seems to have weathered the hurricane and energy-related effects of last fall. The January online help-wanted ad volume is consistent with what we are seeing from the Consumer Confidence Survey. In January, consumers were more upbeat about current economic conditions, and they were especially more positive about the job market.
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Today's conditions are similar to those prevailing in the late 1980s, when there were also widespread reports of jobs available and no one to fill them.