The economy is much more sluggish than the members of the Federal Reserve Board and experts, in general, expected.
Economists are ratcheting back GDP growth expectations. What started out as optimistic has turned to rational. And, now, the projections for GDP growth are tenuous.
The Fed is suggesting growth will be in the 3 to 3.5 percent range.
What’s troubling is that the Fed and every other governmental budget officer has spent their wad on propping up the economy. Is there anything else they can do?
The answer is, “yes.”
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Investing, Money, Online Investing AI, US Economy
fed, federal reserve board, growth, inflation, Money, recovery, supply, U.S.
During bad times, people want to shrink into their tight boxes of conformist thinking. It’s natural to look for easy and quick answers to solve these problems.
It’s like pulling your hand from a hot stove, but it’s a good idea to learn the lesson and find out how to operate the stove better, too. Otherwise you’re going to have a lot of trips to the hospital for those burned hands.
During bad times, you need to be bold. Being bold doesn’t mean it will be painless; it means honestly assessing the situation, learning the important lessons, and finding the solutions that will change the situation.
Bold solutions might not be quick, either. But, in the long-term, you’ll be successful. Solutions that momentarily alleviate the problem are not solutions. In some cases, they cause more problems over time.
Real, bold solutions do exist to our current economic straits.
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Business Strategy, Investing, Money, Online Investing AI, US Economy
economy, growth, Michael Covel, Money, trend following, wealth
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
