Thursday, July 27, 2017

THERE'S A LOT OF GOOD THINGS GOING ON...(ORIGINALLY PUBLISHED 6/8/12)

Watch the news, pick up a magazine especially newspapers, watch the TV and immerse yourself in the "everythings wrong" philosophy.

The democratic process, with its unbelievable capacity for openness and sharing of thoughts, seems to thrive on conflict. This conflict results in a vibrant Nation that lurches forward with small and gigantic steps.

All around us the pundits of doom sell negativism.

The reality is anything but. The enormous strides made by democracy and capitalism in the last few decades are incomprehensible. Almost every country has seen the standard of living of its people rise. There is no longer a significant chance of slipping back into extreme socialism and communism. All about us the engine of American and World creativity is blossoming into a whole new era that is only at its beginning.

Cars are changing, jet planes are making huge strides, biotechnology is still alive and well. The immensity of the Internet and all the companies that are continually being spawned is almost too much to grasp. Old industrial America is stabilizing. Revolution in America is not realistic for many years, if ever.

Markets get ahead of themselves, competition for profits is intense and there is a continuum of winners and losers in most spheres of life. The government in all its confusion functions. There is an awareness that so many major components of our democracy need revitalization. So all is not lost.

The market doubled too quickly from its lows. No one I know bet the house on 1 1/2% 10 year government bonds. Most observers are focused on everything but the real picture.

The real picture is our ingenuity. The fact is that most people go to work everyday and most enjoy their jobs.

The deficits will not sink the ship (although they should be brought down). Europe will not sink. Greece will still be there and so will Spain. And Russia, with all its recalcitrance will not do anything stupid. So seek your opportunity, use common sense, pay attention to what you are doing and praise the fact that everyday there is opportunity.
 

Shepard Osherow. All Rights Reserved