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Wanna Worry? Featured

If so, let me give you two reasons to do so. As an added bonus, I’ll throw in one reason not to. The first reason to worry is that others are. In the past month, both consumer confidence and a couple of measures of small business optimism declined in the past few months. The second reason to worry is that others aren’t. It was noticeable during my forecast interviews last month that nobody mentioned gas prices as a factor that could impact auto sales, even though everybody talked about the ever-growing demand for trucks and SUVs. This seems like a known unknown. As Iran reminded us last week, God’s little joke is that the most important substance for the modern world is in the most volatile places. Finally, the reason for optimism, which is that the economy is not subject to the laws of gravity. As Equifax economist Amy Crews Cutts once said, she must have missed the day in econ. Class when they said a market must decline because t rises.

Ted Craig

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