Smalltime's Macroeconomic Outlook Remains the Same

The world economic picture is still one of expansion and not contraction. The presidential election, with all it's fireworks, does not change anything about the business cycle. That is why I am sticking with my macro forecast of continued economic growth world wide. Everyone is trying to prepare for the crisis that just happened and that clouds their vision of what is actually happening on the ground. In the 92 months since the market bottom on March 9th of 2009, there are 14 million more people working. Those 14 million people are spending money and even getting raises. Weekly applications for unemployment are at a 43 year low, according to the bureau of labor statistics.