The seeds of the economic recovery are beginning to sprout a little. While the broader economy still has a lot to shake off and the investment, credit, and financial markets still have more garbage to take out, there are small signs of recovery underway that will eventually grow to big signs down the road. A few anecdotal pieces of information:
This is mandatory, absolutely must see material.
Jobs are what matter most. Here's a stimulus idea to send to Washington.
There's no formal economic definition of a depression like there is a recession. That said, a depression is basically a really bad recession. The current environment fits that description aptly. Despite wishes to the contrary, more folks are realizing that we are in the midst of a new depression.
More than a few people who follow me on Twitter have been asking about what all the stuff is in one particular Tweet that I do daily, more for my own benefit to see where market indicators are. Here's your morning tweet cheat sheet.
These are two questions I receive often on social networks:
What's the fastest way to go out of business? I'd venture to say that it's having a product or service at the wrong price. (that or having no revenue model) Nowhere is this highlighted more obviously than in fantasy markets such as the one in World of Warcraft. There are literally thousands of products you can sell on the open market, and yet an astonishing number of people who play the game are not in-game wealthy. Why? They're not selling stuff that others want to buy, or at the price they're willing to buy. There are an astonishing number of auctions in the game Auction House that are mispriced well beyond what others are willing to pay.
Our economy is in a great deal of trouble. Far more than a problem in financial services, far more than just hype on the evening news, we're in a LOT of trouble.
From: www.ChristopherSPenn.com
