After posting a long piece about the grim economic outlook on January 3, I’ve had pangs of regret about the tone of it.
While there aren’t many signs of growth, our basic social and economic institutions are still functioning. Though unemployment rates are high, 9o% of the workforce is employed. The vast majority of people are current on their mortgages and credit cards. Businesses, schools, hospitals and churches are still open.
Most businesses that have been around for five years or more will weather the storm. They’ve weathered others.