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Macro confusion

Despite nearly every economic expert reporting that the U.S. economy is solid and we are experiencing a “correction,” it appears we are talking ourselves into a recession. The media, combined with no one in leadership assuring the country, creates macro confusion about U.S. realities. At this point, any change, regardless if it is nothing out of the ordinary, has people waiting for the other shoe to drop. “Goldman Sachs Group Inc. annually sheds about 5% of its least productive employees in March, often to make room for new hires, according to The Wall Street Journal. This year a slight increase in this percentage caused headlines. Goldman Sachs set the record straight with yesterday’s forecast: “the S&P 500 will rebound and finish the year at 2,100, a rise of about 11 percent from current levels but basically no net gain for the full year.” Don’t be confused, no recession is the new up. 2016 may be less hot, yet more sustainable, but let’s not talk ourselves into a recession.

Susan Phillips, CEO SelectLeaders
January 27, 2016

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