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Wednesday, December 29, 2010

The economic year in review

Today’s New York Times offers some commentary, as well as a number of charts, to summarize the economic events of 2010. Their view is a bit less than gratifying, and it is only one point of view. But the supporting visuals offer an empirical glimpse at things like unemployment (related to population growth), as well as inflation, stocks, housing and healthcare.

Click here for the full story.

Implications: Before the recession was even announced, we started telling companies to focus less on the events of Wall Street or Pennsylvania Avenue… and pay more attention to the consumers they serve; the people who ostensibly life on “Elm Street.” Local consumers, and their needs, wants and purchase priorities.

It looks to me like that will remain sound advice for the foreseeable future.

Mike Anderson

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