Business Perspectives

Quarterly magazine provides new and analysis of global, national and regional economies. It also covers topics of interest to business, education and government communities.

Articles from Vol. 19, No. 4, Spring

2009: Recovery or Stagnation
"We are spending more than we have ever spent and it does not work.... After eight years of this Administration we have just as much unemployment as when we started ... and an enormous debt to boot." Henry Morgenthau, Franklin D. Roosevelt's Treasury...
Falling off a Cliff
For the past couple of years, the titles of the Tennessee Valley outlook articles have alluded to a progressively struggling economy, with slowing gross domestic product (GDP) growth. After the initial bust of the booming national housing market in...
Hurricanes, Oil, and Broken Crystal Balls: The Louisiana Economy in 2009
In 2007, my expectations for the 2008 Louisiana economy ended with the comment, "All in all, absent any new devastation, Louisiana is expected to continue to experience continued recovery in 2008...." In retrospect, how prophetic the beginning of that...
Kentucky's Economic Outlook for 2009
Kentucky's Economy: Overview Kentucky personal income is estimated to be $137.0 billion for the second quarter of FY 2009. Year-over-year growth slowed considerably to 3.5 percent in the second quarter. Growth in FY 2007 held between 5.6 percent...
National & Regional Economies
National Economic Indicators March 2008 January 2009 Consumer Confidences (1) 65.9 37.4 ISM Manufacturing Index (2) 48.6 35.6 Consumer Price Index...
Tennessee's Automotive Industry
In recent months, there has been significant media attention on the auto bailout being proposed by Congress. Although at first glance this bill seems only to be of importance to Detroit and the traditional manufacturing regions of the U.S, the auto...
The Arkansas Outlook, 2009
The Arkansas economy followed the nation into recession in the second half of 2008 in spite of a short list of resilient factors and relative lack of exposure to the housing bubble and financial sector troubles. Retail sales, as estimated by receipts...
The Memphis Economy in 2009
The start of 2009 found the Memphis economy embroiled in the same recessionary pressures faced by the rest of the nation. The current financial crisis brought about by the housing market collapse and the subprime lending excesses of Fannie Mae and...
The Mississippi Economic Outlook, 2009
What a difference a year makes! Last year, we were looking at a weak set of economic indicators for 2008 and modest state employment growth (9,000-10,000 new jobs). Reality can have a sobering effect on forecasts; the state actually lost 31,000 jobs...
The Root Cause of the Current Financial Crisis, Effects on Capital Markets, and Long-Term Solutions
Recently, the Washington Post ran a series of six articles beginning with "What Went Wrong" to describe what caused the current financial crisis and how the world's markets came to the brink of collapse. However, this series of articles never addressed...
World Economic Outlook for 2009
The international economic forecast is dismal due to the fact that the financial crisis will continue into 2009 with serious repercussions for global growth. Prospects for global growth have deteriorated over the past several months and now growth...