Is the sky falling? Or am I just burying my head in the sand? I believe I am a glass-half-full type of person, but I am having a harder and harder time discerning the current state of affairs. The evening news is filled with crime, horror and is altogether depressing (at least I get updates on the weather every 4-6 minutes). So according to the "devil-box" in my living room, the end or the world is here. Contrary to that information is that of the Wall Street Journal. I recently perused an article with the title, "Life Is Good, So Why Do We Feel So Bad?" by Gregg Easterbrook. To summarize: - Unemployment is low (5.5%).
- Income is rising ahead of inflation.
- Even with the current media-induced housing market, the average home is still worth 30% more than it was in 2000.
- Only 6% of Americans actually have "threatened" mortgages, and the majority of those will keep their homes.
- Inflation is getting a great deal of press for being on the rise, however the 16 years prior to 2008 were almost inflation-free!
I could go on, but you get the point. The real question is where do we go from here?
