Professor Rock talks economics!
Geoffrey Heathcock, Adjunct Professor & Scholar
OVERLAND PARK, KS – Recently, a good friend of mine asked that I weigh in on the current condition of the national/global economy. My opinion is as follows.
1 – We are about to experience the large effect of the recovery in U.S. companies from international economic recoveries. Specifically China, Brazil, India, and select European countries (namely Germany). These countries will greatly effect the business recovery for the DJ30 Industrials since so many of these companies are now getting substantial results from international diversification. These are unchartered waters that many articles will soon address. We will look back on this world-wide economic period and realize that we (U.S. companies and consumers) are now substantially intertwined economically. Just look what is now happening to our U.S. dollar compared to other currencies.
Bringing home the troops could spell major trouble
2 – No one is addressing the substantial negative impact that will occur when we remove our forces from “those” countries and bring home the troops. Historically, the economy has never been able to absorb this “trained” work force without major programs instituted (like Eisenhower’s public works program of the 1950s). Who knows what Obama might dream up for his legacy program to fully employ the returning troops – but this should be expected to have a large negative effect on our economy in the short term.
3 – Our economy is lead by the consumer and this should be an interesting experience with the consumer thinking in the past few months of (for example) a $15,000 new car with incentives – to $25,000 cars without incentives (which we are beginning to see now).
***This Christmas will be flat – but how about 2010, a very interesting year.
One word – Uncertainties – should be the 2010 Legacy. How “we” handle these will be fodder for future books and movies.
Geoffrey Heathcock, a scholar and adjunct professor of 30 years, once performed on stage with the legendary “Wolfman Jack.” To get a heaping helping of ‘Professor Rock’ stop by and pay a visit at http://rocknroll-edu.com/
To see President Obama address the global economy, click the arrow.
October 24th, 2009 at 8:48 am
Professor, I think most consumers are just scared to spend or invest in the money markets. I don’t see this fear going away anytime soon. Am I wrong? Or do you feel the same way?
October 29th, 2009 at 3:36 pm
We made a big mistake fightin this war in Afganistan.
I think its gonna come back to bite us in the ass if we’re not careful.
October 31st, 2009 at 11:07 am
I certainly dont plan on spending much this Christmas. The economy is just too unstable right now. Professor, I hope 2010 brings better results.
November 3rd, 2009 at 1:32 am
good post…bookmarked