The economic forecast is not all doom and gloom, according to Time Magazine. There are five reasons for hope:
1. The Stock Market Is No Longer Overpriced
2. The Government is on the Case
3. Consumers are Adjusting to the New Economic Reality – And Fast
4. Reinvention and Change are what the U.S. is all About
5. O.K. I Couldn’t Think of a Fifth Reason
Read the whole story, including explanations for each reason.
My reason for hope is that I am relatively young and I believe the economy will recover in time for me to build a comfortable retirement. What is your reason?
1. Obama
2. If the old system is broken, we’ll get rid of it and build a new one. 300 million people in the U.S. and people around the world will figure it out.
3. The economy is in a major slump, but you can’t stop technological progress.
4. Freedom. Sure, that’s what got us into this mess, but will also get us out.
5. International trade is hurting, but may actually improve out of all this.