• No products in the cart.
  • No products in the cart.
Back To Top
Image Alt

Don’t Look Now VII

Don’t Look Now VII

From today’s (July 19) New York Times:

• Meredith Whitney, a bank analyst, calls this the “mother of all mortgage quarters,” with mortgages becoming “extremely lucrative.”
• Goldman Sachs posted the largest quarterly profit in its history.
• Polish small car manufacturers say that this economy represents boom times for them.
• The Chinese economy grew by 7.9 percent in the last quarter compared with a year ago.
• Home purchases are rising from the prior quarter.

Written by

Alan Weiss is a consultant, speaker, and author of over 60 books. His consulting firm, Summit Consulting Group, Inc., has attracted clients from over 500 leading organizations around the world.

Comments: 8

  • Shaan

    July 19, 2009

    On the Chinese economy number–while it is large, it is worth noting that economists and the Chinese gov’t worries about growth that isn’t proceeding at at least 9-10% (on the fear that less will increase social instability), which it had been at for years until the last quarter of 2008. On the upside, 7.9% is significantly better than the last two quarters.

  • Alan Weiss

    July 20, 2009

    That’s right, and it’s important that emerging economies are experiencing positive growth. Moreover, China is our major debt holder and its growth is important to us.

  • Ed Kless

    July 20, 2009

    It is certainly good news. I am hopeful that this is all real growth and not just attributable to the beginnings of inflation caused by the Feds printing more money.

    If it is real, I wonder if we can rescind the stimulus bills since most of that money is not spent yet?

  • Alan Weiss

    July 20, 2009

    Stop seeing danger in the shadows! If it’s bad news when the market goes down, and bad news when it goes up, you’re going to have a tough life!

  • Ed Kless

    July 20, 2009

    Ahh, to clarify, I do not think it is bad news when the market goes down per se. Markets have to allow for corrections. Companies that do stupid things should go out of business. Perhaps this was too nuanced a point for comments in a blog.

    I am and always have been optimistic in the creativity and long term outlook of business and indeed humankind.

    PS – I still would like a recall on the stimulus bills!

  • Alan Weiss

    July 20, 2009

    My point was don’t see bad news in the market going UP!

  • John Shaver

    July 21, 2009

    Alan,

    I don’t think that Ed is saying that he sees bad news in the market going up. Rather, he is asking the question: Is the recent up turn based on reality (meaning that business is picking up) or is it based on an illusion based on the Fed injecting cash into the system?

    My gauge of the economy’s health is based on how well our customers are doing. And I can tell you that everything I see is picking back up. Customers are interested in resuming projects in a big way and quality prospects are becoming more plentiful.

    So, yes, I totally agree with you that we are on the up swing.

  • Alan Weiss

    July 21, 2009

    Thanks, John. I’d add to that that I see the more innovative, bold, and confident clients/customers doing the best.

Post a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.