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	<title>Thoughts on: Marketing... The Economy... &#187; recession</title>
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	<description>&#38; Other Ideas by Keith Jennison...  Exeter, Rhode Island</description>
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		<title>Don&#8217;t participate in the slow economy</title>
		<link>http://www.keithjennison.com/2008/08/dont-participate-in-the-slow-economy/</link>
		<comments>http://www.keithjennison.com/2008/08/dont-participate-in-the-slow-economy/#comments</comments>
		<pubDate>Fri, 08 Aug 2008 15:58:34 +0000</pubDate>
		<dc:creator>Keith</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[larry kudlow]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.keithjennison.com/?p=55</guid>
		<description><![CDATA[Watching the news last night&#8230; the headlines were inflation was up, unemployment was up, house prices are down,  the sky was falling.
Then, I switched to Larry Kudlow&#8217;s CNBC show &#8220;Kudlow and Company&#8221; a half the guests (he always has a ton of guests) were saying it&#8217;s just not that bad.
His question was &#8220;are we better off [...]]]></description>
			<content:encoded><![CDATA[<div class="tweetmeme_button" style="float: right; margin-left: 10px;"><a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fwww.keithjennison.com%2F2008%2F08%2Fdont-participate-in-the-slow-economy%2F"><img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fwww.keithjennison.com%2F2008%2F08%2Fdont-participate-in-the-slow-economy%2F" height="61" width="51" /></a></div><p>Watching the news last night&#8230; the headlines were inflation was up, unemployment was up, house prices are down,  the sky was falling.</p>
<p>Then, I switched to Larry Kudlow&#8217;s CNBC show &#8220;Kudlow and Company&#8221; a half the guests (he always has a ton of guests) were saying it&#8217;s just not that bad.</p>
<p>His question was &#8220;are we better off today than we were 4 years ago?&#8221; It sure doesn&#8217;t feel it, I would have said and emphatic <strong><em>no</em></strong>. But lisenting to his guests the stats don&#8217;t necessarily agree.</p>
<ul>
<li>The Dow is higher than it was 4 years ago</li>
<li>The median house price is higher than it was 4 years ago</li>
<li>Unemployment is only slightly higher than it was 4 years ago</li>
<li>Average household earnings is higher than it was 4 years ago</li>
<li>and there was more and more&#8230; you get the point.</li>
</ul>
<p>I understand, we are on a downturn (some say recession) from where we were a couple years ago. Gas prices have hit everyone. But, if it wasn&#8217;t for the price of oil right now, the whole economy would be looking pretty good.</p>
<p>The take away from this is, you just don&#8217;t need to participate in the slow economy. Sure, if you are laid off you are in a different position. If you got one of those teaser mortgages when housing prices were up a couple years ago and your payment just hit the roof, you are in a difficult situation. But for most of us, it&#8217;s just not that bad.</p>
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