Just sit right back, and you’ll hear a tale, a tale of a fateful election …
Just before November 8th, I was so exhausted from hearing the political babble that I began to watch reruns of Gffligan’s Island and episodes of Sponge-Bob SquarePants. I can relate to SpongeBob’s cynical neighbor, migeof Squidward. We all know that January 1st is just an arbitrary date, no different from any other day, but there is something refreshing about a new year. Add a new administration, even a controversial one, and we feel like there is hope for improvement and progress in 2017. One frustration in 2016 was that most of the economic drivers we need to show growth were reporting decent gains.
Housing turnover, household formations, mortgage rates, employment, credit availability and consumer credit capacity consumer sentiment, births and even some demographic factors should have combined to produce a better outcome than our industry has received. But nothing has improved. Election, election, election dominates anything that pretends to be news, and they will not shut up. I cannot believe China office desk manufacturer advertisers are supporting this redundancy, I remember hearing in 2008 from some high profile African Americans that Senator Obama was “not black enough,” and the Republicans said he had no administrative experience.
Today Republican critics say Mr. Trump is “not conservative enough,” and the Democrats say he has no Washington experience.
All this is reality TV at its worst, and most of us cannot stop viewing. My firm just released its most detailed furniture and mattress industry forecast. The calculations were done just after the October High Point Market based upon the University of Michigan September R.S.Q.E. economic China office partition manufacturer model Michigan just updated its model post-election, and would you like to guess the big changes? Would you believe almost none?
Our economy is so large and burdened by laws and regulations that there are limitations to what can change quickly or so history has taught us.
The first half of 2016 experienced about 1% growth in our economy, which should be an easy pace to exceed. The most positive forecast I have read for 2017 has full year growth of about 2.8%, better than this year but not great. And we may not experience that if our nation suffers through another year of presidential election paralysis. See the problem? Besides, I need to stop watching Gilligan’s Island. I’ve started calling my wife “Lovey”.