There was an era in the 1990’s when all the economic talk was centered on whether the U.S. was in a Goldilocks economy- as the children’s fable reads, “not too hot, not too cold, but just right”. The sentiment at the time was the Fed and the government have figured it out and that we could have perfect prosperity forever- not too hot, not too cold, but just right, as it were.
As you might suspect, that didn’t last forever. A worldwide economy is too complex for perfect management- there are just too many factors, too many competing voices, and too many countries with differing policies and goals!
I have included an article about (JPMorgan Chase Chairman and CEO) Jamie Dimon’s comments regarding the just right, “Goldilocks moment” that may see sustained growth into 2023. He might just be right! Coming into 2020, we suspected that we were headed for an era of worldwide prosperity based on many of the previous administration’s policies (Americans may have varied opinions of the previous administration, however the economic policies they produced did lead to the most prosperous economy in the last century). Then the pandemic struck and caused a huge detour! Things are moving back in the right direction and many of the previous tariff and tax policies are still in place. So, is it a Goldilocks moment? Maybe not, but we should see a decent economy for a while as we emerge from the virus pandemic!
We review many of these thoughts in the FourStar Podcast – “Today’s Markets Explained“ so please join us there and enjoy the article. Search FourStar wherever you access podcasts and subscribe for regular downloads on all the major platforms, like iTunes, Spotify, Stitcher, SoundCloud, Google Podcast, Libsyn, iHeart Radio and the others. Or access from our website www.fourstarwealth.com, search podcast!
~ Brian Kasal- The Leadership Matrix
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