If you click into The New York Times “Business” section, as I just did, about all that’s there on this otherwise fine Saturday is doom and gloom. For example: GM shuts down Janesville, WI plant as S.U.V. sales plummet drastically. A Harvard professor looks at the Great Depression and concludes that economists would not know […]
Grant McCracken is a whip smart cultural anthropologist working in the modern day consumer arena. Here’s how he sees us behaving during times of economic tumult: Roughly speaking, consumers have two modalities: surging and dwelling. In the surging modality, consumers have momentum. We have a vivid sense of forward motion. Life is getting better. Each […]
The Oracle of Omaha is buying American stocks. A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities. Over the long term, the stock market news will be […]
Stuart Elliott is my “friend” on Facebook, so I want to be courteous. Yet, I have to isolate this line from his story in The Times, “Persuading Companies to Keep Up Their Pitches.” Shoppers who are anxious about their jobs, savings and retirement accounts are in no mood to pay attention to the blandishments of […]
Here’s the headline I’m seeing this morning in The Wall Street Journal: With a headline like that, I don’t see much point in digesting the story. But I did so for you dear reader. The Journal refers to “experimental” budgets hitting the cutting-room floor. News flash: all marketing is experimental. Kind of like fishing. I […]
People are scrambling to figure out what the harrowing economic collapse means to them. Will they have a job on Monday? Will their 401K be worth anything when they retire? Should they begin walking to work and cultivating a garden? And so on. TechCrunch founder, Michael Arrington, writing about the ignoble end of Web. 2.0 […]
Our national debt–over the $10 trillion mark–is now greater than the machine constructed in 1989 to count it. Wired says the digital dollar sign has been replaced with a cheaper, non-digital version to make room for the extra number.
Ed Cotton of Butler Shine + Stern sees some changes on the horizon. This one grabbed my attention: Rise of the grow your own movement- with $50,000 of annual food production available in the average American lot, people will start growing their own vegetables and foods. People will also start doing things like canning and […]