What Recession?
Posted by The David Bragg Team at 5/21/2008 2:37 PM and is filed under Indigo Run Hilton Head Island 
The general media loves to grab hold of a story and milk it until the udders are dry. They are a stubborn bunch and right now they have roped in the economy and if you listened to all they had to say you would be probably be losing sleep each night. This is not healthy, but most importantly it is just not entirely true. It is true that we are not in the best economy that this great country has ever seen, but it is also true that it is not the worst.
According to Brian Wesbury, who in 2001 was ranked by the Wall Street Journal as the country’s No. 1 economic forecaster, “current concerns about the economy are more a matter of negative perception than actual market factors.”
The top economist spoke on Tuesday night on Hilton Head Island to Hilton Head-based Tabby Road Wealth Management Group at a dinner event with Jim Bowen, president of First Trust Portfolios, in the clubhouse in Spanish Wells Plantation.
Wesbury believes that the “news media are too focused on negative turns in consumer confidence. The real driver of the economy is business investment and corporate profits, which are still doing well.”
It is Wesbury’s opinion that the economy is highly unlikely to have problems. “Wesbury is the chief economist at First Trust Advisors L.P., a Lisle, Ill.-based financial services firm and has more than 27 years experience. His experience is frequently sought for news stories about the state of the national economy.
It was nice to finally hear some positive economic news on Hilton Head Island, South Carolina. Let’s hope to see lots more of it!
According to Brian Wesbury, who in 2001 was ranked by the Wall Street Journal as the country’s No. 1 economic forecaster, “current concerns about the economy are more a matter of negative perception than actual market factors.”
The top economist spoke on Tuesday night on Hilton Head Island to Hilton Head-based Tabby Road Wealth Management Group at a dinner event with Jim Bowen, president of First Trust Portfolios, in the clubhouse in Spanish Wells Plantation.
Wesbury believes that the “news media are too focused on negative turns in consumer confidence. The real driver of the economy is business investment and corporate profits, which are still doing well.”
It is Wesbury’s opinion that the economy is highly unlikely to have problems. “Wesbury is the chief economist at First Trust Advisors L.P., a Lisle, Ill.-based financial services firm and has more than 27 years experience. His experience is frequently sought for news stories about the state of the national economy.
It was nice to finally hear some positive economic news on Hilton Head Island, South Carolina. Let’s hope to see lots more of it!
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