From the category archives:

Economy

I was on the phone with someone this morning who I should have talked with a month ago.  I had kept putting the conversation off.  Not because I didn’t want to talk with them, but because I couldn’t get myself organized to have a productive conversation.

She said, You must be very busy.

Not in any unmanageable way, I answered.

What I explained was that the restructuring process that we are undergoing at NCI is progressing in an orderly and productive fashion.  There isn’t an unreasonable amount of time that needs to be spent on it, and the key issues are well-defined and being advanced by a team of very capable professionals who do this kind of thing all the time.

But it does create a distraction.  In the face of uncertainty you spend time thinking through the different possible outcomes and waiting for the next development, which help you narrow that range of outcomes.

We brought the top management together this week to talk about where we are.  I outlined my belief that as a company we’d come through two critical phases:  the first, where we reacted to the economic downturn; and the second, where we created new frameworks for recovering.

We were now at the third phase:  The selling phase.  And, I observed, we weren’t moving with as much purpose and effectiveness as I wanted.

The problem, I think, is that we still believe we are mired in uncertainty.  The questions “When will things improve” and “Will things get any worse” are central to our conversations.

That has to change.  The real questions need to be “What did we do this week and how did it work?” and “If things didn’t work the way we expected, what should we change?”  And then, we have to make the changes.  The only way to have these conversations is to track, report and discuss specifics.  Otherwise, you end up mired in generalities.

The challenge is to really demonstrate the mental fortitude and discipline to face forward.  I acknowledge it’s hard, but boy, it’s necessary.

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While the housing market overall feels choppy, looking at trends over the past couple of years shows that trends in home values and income are turning positive, after a tough two-year stretch.

Nielsen presents an interesting analysis of trends in these metrics at the county level, which helps to capture the real performance of local markets. Overall, 69% of U.S. counties reported an increase in home value in January 2010 versus 2009, compared to just 46% the prior year.

This local trend in home values is supported by increases in media household income, suggesting local employment markets have strengthened.

The macro trends are being influenced by a significant population shift.

The analysis also revealed that population decreased in 43% of U.S. counties between 2009 and 2010. These levels of county population change are similar to changes seen with recent demographic releases. Wayne County, Michigan topped the list of population losers, which is consistent with the economic downturn and job losses seen in the Detroit area.

Posted via email from Dan McCarthy’s Stream

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The cheapest food in the world

July 5, 2010

I was struck the other day by the observation that the start of our current recession was sharper than the Great Depression and that the steps taken by governments around the world to provide financial stimulus helped to moderate the decline.
That observation got me thinking about how different the images of this recession are from [...]

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American consumers are being pragmatic and cautious, indicators show

June 15, 2010

The flush of this Spring’s economic activity is wearing off and the American consumer is being realistic about the economy’s prospects.
One indicator can be seen in the muting of the consumer outlook from BIGResearch in June.  Sentiment about the chances for a strong economy were down from May and unchanged from a year ago.

Sentiment is [...]

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An analysis of my 11-day content drought

May 21, 2010

In the 455 posts since I launched ViralHousingFix on January 4, 2009, there hasn’t been a longer gap than the one between Post 454 and this post, number 455:  11 days.
The workbook I use for my professional notes is chock full from the past two weeks, and the program I store interesting snippets in has [...]

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A glimpse of how things are looking up for realtors

May 9, 2010

Harvard professor Mark Perry has been one observer who has consistently chronicled the silver lining in the recovery, sharing discrete pieces of data that show the economic engine gearing smartly back up.
Last Friday, he shared another in a series of posts that have looked at the recovery in local real estate markets. The subject [...]

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Marking the start of a new generation of women in leadership

April 26, 2010

We’re at the cusp of an amazing cultural shift: the majority of women under 40 within 10 years will be better educated and better paid than men of equal age.
That means that the role of women‘s advocacy organizations in business is not only to strive for equality; it’s to help women prepare for the [...]

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