Welcome to the Today’s economy blog

March 29, 2009

Kevin Press

Hi, and welcome to the Today’s economy blog. My goal here is to provide useful information and commentary that helps you adapt to what’s happening around us. I’ll call on experts. I’ll tell stories. And at the end of each week, I’ll put together a Today’s economy media pack for your reading, viewing and listening pleasure.

Full disclosure: I work for Sun Life Financial. We think we have great products and services, but that’s not what this blog is about. I promise not to try to sell you anything. In fact, our legal department wants you to know that Sun Life Financial is not responsible for any content posted in Today’s economy blog. (That was an official disclaimer, by the way.) Consult with your financial advisor before acting on anything you see here.

I’d love to hear from you. Tell me what you’d like to know about today’s economy and how to navigate this recession. Are you optimistic? Stressed out? Somewhere in-between? I’m not a financial advisor, but I will bring you the smartest people and the best ideas I can find.

Please join us.

Article comments (12)

  1. Karen
    Posted on August 30, 2009 at 21:43

    Hi Kevin,

    It has been over 20 years! It is fantastic to read your writing. You have a true talent. The information you are sharing is incredible.

  2. ADB
    Posted on May 29, 2009 at 11:52

    The good news now is that we can get off the dismal economy and now focus on swine flu — what a relief!

  3. Karen R Oshawa
    Posted on May 14, 2009 at 09:33

    The Business Section these days has alot of news about entrepreneurs and how they will help and are helping the economy. What kind of benefit packages are companies like SunLife going to offer these individuals now that they are not in a big company plan? Will SunLife be looking to be a proactive player in the entrepreneurial market, making it not so scary for people to go out on their own creating new and exciting business for the growth of the economy.

  4. Sharon Chandler
    Posted on April 13, 2009 at 11:16

    Hi Kevin:
    Good to hear from you again and I look forward to your and others’ comments as we collectively navigate a quagmire. Employed or not this economic mess touches all our lives in a personal way which makes your personal approach refreshing.

  5. Stephan Rajotte
    Posted on April 01, 2009 at 06:33

    What a great idea and I look forward to reading your blog. Hopefully it could be a realistic and balanced dose of advice and perspectives without too much doom and gloom.
    It would be interesting to hear what a wide range of demographic earners from HNW to regular folks are doing these days with their investment, budget, expenses etc.
    You may also consider telling us things on a regular basis that we should feel good about, just a tought.

  6. Randy C Calgary
    Posted on March 30, 2009 at 22:27

    Nice to see you writing again! If you haven’t come across the work of Don Coxe, check out his work; I suspect you’ll find it provocative. Since many of the musings you’ll share will relate to economic forecasting, see David Orrell’s Apollo’s Arrow: The Science of Prediction and the Future of Everything.
    Disclosures: SLF shareholder? Yes. SLF employee? Yes. Independent thinker? I believe so, but I’ll leave it to others to decide.

    Randy C
    Calgary

  7. Samer Allaf Toronto
    Posted on March 30, 2009 at 05:11

    Lack of confidence towards financial instituitions and its psychological effect has a negative multiple effect on the economy.Recovery of this recession and its waves will take until end of 2011 and requires more time and hard work from government side to show public that it may take any positive step to reduce the negative effect.We have to act as we used to before it started if we can, and this can be achieved simultaneously with government stimulus plans to survive this crisis.

  8. Sheryl Smolkin
    Posted on March 29, 2009 at 18:17

    Hi Kevin,

    When we planned the Canadian Benefits Summit 8 months ago, we added a session on “”How to help your employees in a difficult economy”" almost as an afterthought.

    Sad to say, with the conference coming up next week, it’s become “”a growth industry”" with every consulting and EAP firm having offerings.

    I will watch your blog with interest.

  9. Brad M Toronto
    Posted on March 29, 2009 at 18:11

    I’m prepared to accept that we likely have not seen the worst of it yet, but I can’t stand the steady diet of doom and gloom.

    I’m in my early 40’s and buying equities right now in the belief that it will pay off in the long run. I do worry how will the boomer demographic will effect the equity market as it recovers. I’ve got to believe there’s many people who will be eager to exit their equity positions as they recover their value in coming months/years,

  10. Lyndsey M Toronto
    Posted on March 29, 2009 at 16:57

    I’m not too concerned for my own situation, although my retirement plan has probably been downgraded from “world travel” to “pitch a tent in Ontario”. On a more serious note, I’m concerned for my mother’s situation, as her pension is with a firm that may very well go belly up shortly. As an avid environmentalist, I can’t help but worry about what is to become of the efforts to curtail climate change, when so much mental energy and cash are being diverted to the economic situation.

  11. Mathew Toronto
    Posted on March 29, 2009 at 13:40

    With the recent announcement by the McGinty government of the harmonization of taxes of PST and GST, are there some benefits, in terms of savings, that consumer will see passed to them by the business community, given the fact that business be receiving tax credits from the government.
    If so, this would be a great way for consumers to then spend those savings and reinvigorate the economy.

  12. Wendi P Toronto
    Posted on March 29, 2009 at 08:17

    I find ignoring the media’s take on the economy really helpful. The doom and gloom is really depressing. I am glad to hear the media commenting on some of the indicators of potential recovery (e.g., consumer confidence starting to rise ever so slightly). I’ve been watching my monthly budget to cut where I can, and kept my monthly RRSp contributions.

    By the way, I am a Sun Life employee (to mirror your full disclosure!), and I’m really looking forward to reading your blog!

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