An economic state of confusion

So, I hear the economy is doing better. Wait—it isn’t? If this train of thought rings a bell, you are clearly not alone these days, when it comes to assessing how the economy is going, as well as its prospects for future growth.

By ·

So, I hear the economy is doing better. Wait—it isn’t? If this train of thought rings a bell, you are clearly not alone these days, when it comes to assessing how the economy is going, as well as its prospects for future growth.

I say this, because I talk to people that know a lot more about the economy than I do on a daily basis, and, guess what, they’re confused, too.

Where did this confusion begin? That may be hard to say, because different people have different takes about this Great Recession that we may or may not be in, depending on whom you ask.

But one thing that is becoming increasingly hard to overlook, no matter how bright your pom-poms are, is that there is more genuine concern about the economy in the last 4 or 5 weeks than there ostensibly was throughout the entire first half of 2009, when we were getting good economic news and seeing positive trends on a somewhat consistent basis. Granted, much of this good news stemmed from very forgiving annual comparisons. But in a recession, we tend to take all the good news we can get.

Anyhow, as we come off an earnings season which saw the Lion’s share of publicly traded transportation and logistics companies have excellent quarters, the million dollar question seems to be if that will be repeated in the third quarter. Based on an increasing trade deficit, somewhat stagnant retail sales numbers, and consumer anxiety, it may stand to reason that the chips are stacked against this happening, but what the heck do I know?

In any event, it is safe to state these are extraordinary economic times. I mean, there are so many things occurring in the sectors we cover that I often feel like my news “to-do” list is overflowing. Actually, that is a fact, not an assumption. In the past few weeks alone, we have seen a stalled energy bill, a terrific earnings season, an uptick in M&A activity, and an over all sense of optimism and pessimism all rolled into one big fact-pinion (yes, I just made up that word).

Anyhow, at the end of the day, I write about what is going on in the world of transportation and logistics and try to break it down into a digestible format for you, my readers. Now, if someone could only give me a straight answer on what the heck is going on with the economy…..grin!

Have a great weekend and thanks for reading http://www.logisticsmgmt.com and Newsroom Notes.

 


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
Making the Case for an Integrated Fleet Management Solution
Fleet management technology can drive positive supply chain and business results. Explore this special edition of Making the Case where we lay out the benefits of integrated fleet management technology in your organization.
Download Today!
From the October 2017 Logistics Management Magazine Issue
A leading distributor of professional salon products in the U.S. forms unique partnerships with its key LTLs to lower transport costs, reduce its carbon footprint and improve service to its 565 store locations.
Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains
LM Viewpoint: Collaboration, Now more than ever
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the Rail/Intermodal Markets
In this webinar our panel will discuss the new service challenges facing rail/intermodal providers and offer practical advice for how shippers can keep efficiency high and costs down.
Register Today!
EDITORS' PICKS
SalonCentric: One Beautiful Network
A leading distributor of professional salon products in the U.S. forms unique partnerships with its...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...