Q2 2012 AASU Economic Report

Armstrong Atlantic State University in Savannah, Ga. published the Coastal Empire Economic Monitor last week.

Summary: The Savannah MSA saw moderate growth in the last quarter and economic forecasts are positive. Poor national and international political and economic decisions could undermine this growth in Q3 and 2013. Click on each image to view in a larger frame.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Coastal Empire Q1 Economic Monitor

If you don't receive this report by Dr. Michael Toma via email I recommend you email him to include you in the distribution.

Click on the images for a larger view.

 

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Armstrong 4th Quarter 2011 Economic Monitor

Summary: The coincident index shows economic activity in the metro Savannah area decreased slightly. It is believed that conflicting Department of Labor data regarding employment and decreased electricity use contributed to the lower numbers.

A coincident index is "a single summary statistic that tracks the current state of the economy. The index is computed from a number of data series that move systematically with overall economic conditions. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Each of the regional indexes is computed using data on employment, real earnings, the unemployment rate and average weekly hours worked in manufacturing," according to the Federal Reserve Bank of New York.

By clicking on the images below, you will be able to read the report if you don't subscribe to the service.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Third Quarter 2011 Coastal Empire Economic Monitor Published

Summary: There will be slow economic growth in 2012 but economic indices point in the right direction. *Click to each image to view full size*

 A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Innovation to End the Recession

Wait a minute? What recession? I thought the recession ended in November of 2009? Michael Toma, Economics Professor at Armstrong Atlantic, wrote in Savannah 2011 Economics Trends that the local recession ended then.

Obama said that the national recession ended in June 2009 and has subsequently stated that the economy still needs work.

What's interesting is that business, both domestic and international, claim that the U.S. recession continues. On Wednesday, June 29, 2011 I wrote about the Cassidy Turley economic forecast that said technology is the only way to pull ourselves out of the recession. And I concluded that their forecast was doom and gloom and I was optimistic about the future.

This new article in the Gulf News gives me pause. Mick O'Reilly writes that this recession is more complex than a typical banking crisis and treating it as such will get the country no where. His interviewees say the recovery is unpredictable and uncertain. He concludes by saying "innovation is key"- which is exactly what the Cassidy Turley study said, albeit more specifically. Does this mean that all the government bailouts and qualitative easing isn't enough? Do we need a QE3? Apparently, the government's solution to the recession isn't adequate. Innovation among businesses and institutions, together with the government, is the only way out.