Trump’s America is outperforming the world

I have never known a group more consistently wrong than economists. They make weather forecasters look positively prescient. After economists predictions fail to materialize, they blithely ignore their failure and begin explaining what just happened. I have long argued that they should adopt the weather forecasters method of ascribing percentages to their prognostications. "50% chance of Recession tomorrow" Then, when the Recession fails to materialize, they're off the hook (just like weather forecasters). Indeed, the weather forecasters and economists suffer the same problem, insufficient data. There are simply far too many variables. And with the economy, there's the human variable. Sometimes people overcome seemingly impossible odds just because they believe they can. That's the value of a leader whose braggadocio inspires a nation to succeed in the face of impossible odds. Presidents like Carter and Obama saw the worst and lamented, "Our best days are behind us". Presidents like Reagan and Trump ignore the worst and proclaim, "Our best days are ahead of us". As leaders, we know how important it is to set a positive attitude, don't we?

Where we fall into trouble is our tech companies. Future expectations are built into the price of the stocks. The stock prices will go down if they can't match growth expectations.

As expected!