Some people even built fallout shelters. Right now, in the good old USA, we are enjoying some of the most bountiful economic times in our history. Last summer, when the Asian financial crisis was looming, we heard all kinds of talk about impending economic disaster. Three federal reserve interest rate cuts and some aggressive economic policy-making overseas have calmed the storm of economic uncertainty. While there is no guarantee of continued economic prosperity, things surely are looking good for at least the near future.
Unemployment is at record lows and corporate earnings are chugging along.
Consumer spending is increasing. That shows that people are generally optimistic about the economy. That s always a good sign. The more products people buy, the busier manufacturers are, the more workers earn. You get the picture.