and measuring against expectations.
Why should I accept that their expectations are realistic when for the past twenty years greed has become the driving force in U.S. business?
What
do YOU think?
http://www.rayjozwiak.com/guestbook.html
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newest release:
AMBIENCE & WINE
(from NPR http://www.npr.org/2012/04/27/151456319/is-moderate-growth-good-for-the-economy)
'The U.S. economy hit the recession exit ramp nearly three years ago,
but it's been lost on the back roads somewhere near Recoveryville ever
since. Growth rates have been modest at best
compared with the 4-plus percent growth in the years well before the
U.S. began slouching toward its worst post-World War II recession. On
Friday, the government reported that the economy grew at a 2.2 percent
pace in the first quarter, down from the 3 percent rate at the end of
2011. The Federal Reserve this week said it expects growth to "remain
moderate over coming quarters and then to pick up gradually. "Common
sense says high growth rates are good and slower, more modest ones are
not so good. But is that always the case? After all, the "irrational
exuberance" of the early 2000s helped bring on the recession as people
borrowed and spent their way to prosperity. Economists
say growth will remain low and consumers will be cautious as long as
unemployment stays high. Last month, the jobless rate stood at 8.2
percent. We asked four economists for their
take on the growth rate and whether it has triggered any permanent
change in consumer behavior. They are Chris Christopher, a senior
principal economist at IHS Global Insight; William Dickens, an economist
at the Brookings Institution; Gary Hufbauer, a senior researcher at the
Peterson Institute for International Economics; and Ken Matheny, senior
economist at Macroeconomic Advisers. . ."
It's time we re-examine our expectations and our standards. Let us redefine 'growth' and calibrate our expectations to a more realistic and natural level. Paraphrasing Dylan Ratigan in "Greedy Bastards", short term greed is practiced by greedy bastards; the largest payback as quickly as possible. Long-term greed is what capitalism is all about. Provide a good or service of value and reap a profit over a number of years . . . yes YEARS; a concept quite foreign to U.S. business.
What
do YOU think?
http://www.rayjozwiak.com/guestbook.html
Also download
your
very own copy of
AMBIENCE & WINE
by Ray
Jozwiak
