Urbanomics Outlook on the Economy
Here is my outlook on the economy. The economy is like a leaky faucet, slowly dripping. If you review the last few months, the data supporting jobs and economic growth have been bad kind of like when your faucet is clogged up. But every now and then you get a surprise and a few gushes come out and occasionally the economic numbers have had a few surprises. But if you put it all together the economy continues to be a very slow drip for a population of Americans that are thirsty for jobs and an economic rebound to our investments, 401K portfolios, real estate, and lifestyles.
Do You Yahoo?
I know I do. I use Yahoo all the time. Yahoo is my home page, my email service and also my source for fantasy football. But even with all these reasons they are having trouble keeping up with the big boys of technology (Google, Amazon, Ebay). They are even used as a verb, no one ever asks whether you ‘Yahooed’ something! Well it may be time to circle the wagon on this old reliable tech company. We have a little help in stirring the pot. Dan Loeb, founder of the hedge fund Third Point sent a scathing letter to Yahoo’s Board and then kindly reminded them that he now owns a roughly 5% stake in the company. Here at Urbanomics we are fans of investors that stir the pot and when it happens at unloved companies like Yahoo we get excited.
