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Federal Reserve System

Betting it all on “the economy?”

November 28, 2015 by Michael Neely

“The Economy” Won’t Save You

First, it is because it’s not about “the economy,” it’s about “your economy.” If you are waiting for something to pick you up and whisk you away to your dream life, you will be waiting a long time. Taking personal responsibility for how your life and your finances turn out is the only way that you will come close to living the life you want. As Seth Godin put it  “Instead of wondering when your next vacation is, maybe you should set up a life you don’t need to escape from.”

What If “The Economy” Isn’t As Strong As You Think It Is?

Have you heard the news about the economy? According to the mainstream media, total economic activity is going off the rails and demand is so high that the Fed may raise interest rates in December. So, retail is raging, home sales are off the charts, and auto sales are going through the roof. Here’s the problem. They aren’t. This thing that you could be relying on to make your financial dreams come true that the media calls “the economy” is limping along to the same pace it has for over eight years now.

[Read more…] about Betting it all on “the economy?”

Filed Under: Business, Economics Tagged With: Economics, Federal Reserve System, Wall Street

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Recent Posts

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