The American Economy again created plenty of jobs last month and decreased the unemployment rate. The wages of workers were slightly up. Everything was good news and the market meet it with a whimper. It seems that the market wants more and expects more. The growth while strong and healthy is not spectacular. The market always demurs when expectations are met. Only beats and misses matter. Otherwise it just shows that it is pretty fairly priced and followed. Maybe we should just set lower sights for the growth of our economy.
It is better though to stick with high expectations. We would nit want to revert to the mean and take mediocre results as strong gains. Our economy can do better, should do better, and we should push for policies that allow wider growth and less hassle for businesses. Open up trade, remove barriers, and free movement would be a great start. Let's help everyone in the world with higher expectations and then let us beat those expectations.
No comments:
Post a Comment