News. William C. Dunkelberg, NFIB’s chief economist says the economy remains very weak:
“The performance of the economy is mediocre at best. Given the extent of the decline over the past two years, pent up demand should be immense, but it is not triggering a rapid pickup in economic activity. “Compared to past recoveries, it is clear that the current economic recovery has not impacted the expectations of small business owners. They do not trust the economic policies in place or proposed and are distressed by global and national developments that make the future more uncertain.”
My point. It is difficult to be optimist. Bad news follows worst news. And our leaders do not seem to be concerned. They are telling us everything is great.
Do the markets agree? If the economy is so great why are commodities plunging and stocks sinking?
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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