Sometimes a picture really is worth a thousand words. But why stop with one picture? The Kauffman Foundation’s Q3 of economics bloggers was just released, and uncertainty rules the mood, literally. Here some of the best charts.
First, I composed this word cloud based on "five adjectives" that each blogger used to describe the current state of the U.S. economy. It speaks for itself (and the fine print is truly worth examination).
The biggest surprise in blogger attitudes is revealed by the simplest questions. Below, for instance, is the overall assessment when confined to five choices. Looking at the chart for the first time, I would be shocked that this was the assessment of an economy in recovery. Some 68 percent of respondents described the economy as “mixed” – a word that seems today’s modern day equivalent of the 1970s “malaise.” But I'm not looking at this for the first time. The charts from the previous quarter showed negative attitudes, but not this negative. Literally nobody thnk the economy is strong and growing now.
While 52 percent say that the U.S. economy is doing roughly the same as official stats would indicate, regrettably, some 47 percent of respondents think that the U.S. economy is doing worse. And when asked about prospects for growth of numerous different variables over the next 3 years, well, the outlook is grim. Budget deficits and interest rates in the U.S. are expected to grow more strongly than just about anything else. I'm afraid all this confirms my expectation for a 5-year recovery.
Jerry Ludke said "well done, grasshopper!!"
Posted by: Diloy Ludke | August 06, 2010 at 08:34 PM
Dear friends,I am a fanatic watch collection, especially the well-known watches, you also can do, just click on my name!!!!!!!!
Posted by: replica watches | August 15, 2010 at 07:52 PM
I appreciate for your post! I am focus on you.
Posted by: bagsbeauty | October 14, 2010 at 04:41 AM
Wow, that you are impressive. I’ve been following factors of this remarkably rigid instruction system and I didn't even know! I've to become a all-natural no shock I appear and sense astounding a good deal around the time. It will bechallenging changing into this astounding is just not it!
Posted by: Nike Dunk SB | October 20, 2010 at 08:19 PM
I'd be interested to see stats for other products as well.
Would you have a repartition by zone ? I think some zones are a lot more active and this information could explain the crisis/job effects.
Posted by: ugg bailey button | November 02, 2010 at 01:53 AM
The best preparation for tomorrow is to do your best today
Posted by: Nike Dunks | November 05, 2010 at 05:09 AM
oh, it is great!wonderful post,ha.
Posted by: ghd hair | November 23, 2010 at 06:42 AM
wa,I thought it was enjoyable at best.Very good have nothing to say.
Posted by: ugg sale | December 21, 2010 at 12:43 AM