Good-bye Recession Fears. Less than two months ago, conventional wisdom thought the US economy was in real trouble. Oops! The US economy accelerated in the first quarter, with real GDP up at a 3.2% annual rate for the quarter and from a year ago.
Our Resilient Economy. It wasn’t that long ago that some economists and investors were seriously concerned about US growth going negative for the first quarter.
New Market Highs, Still a Buy. The Dow Jones Industrials Average and S&P 500 are breathing down the neck of record highs set last Fall. Some take that as a sign to sell, time to shift out of equities and realize gains. We think that would be a mistake.
What a difference a month makes. Now, just four weeks later, the economy hasn’t cooperated with the pessimists. Just think about all the positive news we’ve had lately…
Don’t Cut Rates, Cut Spending…Government spending is growing faster than GDP and is projected to reach around 21% of GDP this year, taking resources from the private sector.
It feels like we are living in the Land of Oz and the Fed is the “all-powerful” wizard in control. The true (and underappreciated) wizards of growth, entrepreneurs, continue to drive us forward.