This graph summarizes the consumer pressures that are likely to dampen the U.S. economy long after the credit crisis and Wall Street gridlock is behind us. As the graph shows, median household income has been flat for years despite rising household spending and skyrocketing household debt.
In five earlier posts, I reviewed the evidence of economic [...]
Continue reading about Gauging Economic Climate Change: Wrap Up
In this final post of the series, I want to build the connection between the large-scale economic impacts we’re going through and the five basic recession strategies available to your enterprise. It is easiest for me to think of the implications of this crisis in ecological terms. A mild recession is like a short drought: [...]
Continue reading about Gauging economic climate change, Pt. 5: Adaptation and opportunity
I’ve been writing this blog for two months now and studying this crisis since last fall. I’ve come to believe one of the hardest things to do is to “abandon the assumption of continuity” (a handy phrase I got from Emer Dooley at UW’s Foster School of Business). Since WWII, we haven’t had a really [...]
Continue reading about Abandon the assumption of continuity: Retirement funding update
