Tuesday September 22, 2009 | NC Economic Forecast

September 21, 2009 at 9:03 am | Posted in Coming Up | 5 Comments

EconomicRecoveryFrequent visitor to Charlotte Talks and UNC Charlotte Economy Professor, John Connaughton is back with his latest economic forecast. Dr. Connaughton has been producing the forecast for over two decades and his current forecast offers glimmers of hope. Connaughton and others say the recession appears to be over, but high unemployment rates persist. How long will a full economic recovery take and can the economy ever be the same? We’ll ask Professor Connaughton those questions and more.
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Dr. John Connaughton – Professor of Economics at UNC Charlotte

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  1. [...] Tuesday September 22, 2009 | NC Economic Forecast « Charlotte Blogs charlotteblogs.wordpress.com/2009/09/21/tuesday-september-22-2009-nc-economic-forecast – view page – cached Frequent visitor to Charlotte Talks and UNC Charlotte Economy Professor, John Connaughton is back with his latest economic forecast. Dr. Connaughton has been producing the forecast for over two decades and his current forecast offers glimmers of hope. Connaughton and others say the recession appears to be over, but high unemployment rates persist. How long will a full economic recovery take and can the economy ever be the same? We’ll ask Professor Connaughton those questions and more. — From the page [...]

  2. If we loose all the manufacturing we loose that much needed part of a Nations National Security!
    We already have lost a number of professional trades, though not looked at in these modern times as professional, and we’re loosing more.
    If we have no one who can make the needs of a society those skills go elsewhere done by others, not there if ever really needed.
    That includes the building of higher tech tools, i.e. robots etc.! Those that actually produce will grow their power and stature in the World, those that do not fall into the needy, controlled by those who make the needs, and at their costs.

  3. THEY WORKED FOR GOLDMAN SACS

  4. I heard the reference to the “Roaring Twenties” as leading up to the Great Depression. Future historians will likely refer to the “Raging Noughties” as precursor the the Grand Recession. I remember when “great” and “grand” were positive terms…

  5. The best hope for the future of job growth are ‘green-collar jobs,’ which is the best idea the Democrats have had in years. (NOTE: I’m not a Democrat or a Republican) However, the Democrats talked about these types of jobs but where are they to be found?

    The fact is that ALL economically prosperous nations suffer from a major overproduction and oversupply of goods and services as we are now experiencing…this is natural in advanced ‘post-industrial’ economies, and this means there are less available jobs for people to do because all necessary human needs have already been met. There are less people needed for factories because one machine can now do the work of 25 or more people; similarly, there is less demand for various goods because most people already have all that they need and do not need to buy more and more stuff…same with very many services. We can only consume so much, and overconsumption is very bad for the environment anyhow.

    We are in a major period ‘stagnation’ or economic leveling-off because of all the economic successes of the past; much of Europe has been in this leveling-off stage for well over two decades now. Economies and countries cannot grow forever because the human population is limited due to the fact that necessary resources and space are also limited on this finite planet.

    The best hope for the future is the growth of various ‘green-collar jobs’ which will help to undo some of the environmental damage which has happened since the advent of mass-industrialism in the last 100+ years. Instead of training even more near-worthless MBAs, accountants, lawyers, bureaucrats, tax collectors, and other similar parasitic paper-pushers, why not train more people to be ‘green-collar’ workers who get good stuff done on the ground in the real-world, workers like eco-conservationists, soil scientists, forestry experts, small/medium-sized farmers, solar panel technicians, master gardeners, animal husbandry workers, water protection officials, and so on? Or encourage more people to be nutritionists and physical fitness trainers in order to whip more people back in to decent shape after years and years of degenerating behind desks? What we need now are more societal SUSTAINERS because we are an advanced nation and thus nearly everything that we need is already built.

    We also need debt relief for people, especially in terms of sky-high student loans, medical bills, credit cards, and even mortgages. Too many Americans are burdened by ever growing personal debts that are keeping them from getting money back out in to the economy again in terms of buying a new home, or car, or consumer goods. I include myself in this; after only 3.5 years of college at an in-state public university in earning by BA, I have just over 30,000 dollars in debt with NO JOB in site. I know there are many millions of people (both young and old) in a similar situation as myself, and we are good people who need help.


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