Are Economic Headwinds Imagined?

Written by Steven Hansen What are the commonly listed headwinds to economic growth in the USA? baby boomers not spending but saving for retirement; European recession; Divided government with no direction. The divided government should be a headwind as they are finding few long range issues on which the two sides can agree.  Is the USA to have degraded infrastructure, uneducated high school graduates, or spiraling health care?  Most of the headlines are on short term topics.   Without long range planning, the government is in a continuous rear-guard fight (instead of the government getting ahead and trying to moderate the economy or trying to have positive interactions between the public and private sectors).   Read more »