While on a Run
By Leslie Rubin
On one particularly hot and muggy summer morning, I began a daily run while thinking about conversations that had taken place over the past several weeks. The discussions had focused on the health of the economy and the seemingly endless string of natural and economically induced crises. The lingering impression of the conversations was that people are still waiting for the "other shoe to drop" regardless of the number of positive announcements made.
What was perplexing is why the mood of pessimism is so strong given that sectors of the economy such as technology and manufacturing are trending up and the employment picture is (albeit gradually) improving. But more important than the "Why" is the fact that this pessimism itself is an impediment to our economic recovery. If people don't believe things will get better, and are just waiting on the sidelines for the next disaster, then consumers won't spend, businesses won't invest, and the government will remain in gridlock. At best, this is a feedback loop, and at worst, a self-fulfilling prophecy. What is needed is a clear, convincing and forward- focused vision of the future.
> Read Full Story