It's no surprise that for the past couple years, economic growth in the U.S. has been rather lackluster. Unemployment has reached levels not seen in decades, with over eight million jobs said to have been eliminated since 2008. At the same time, government spending has tried to pick up slack demand in the private sector, but has also had the effect of crowding out private demand and private dollars and caused great uncertainty among businesses, employees, and investors. With such a long, protracted economic environment we've seen the past three years, it seems reasonable to ask if America will ever regain the powerful economic growth it has seen in past years.
David A. Pace, CFA
Note: These comments and articles are for informational purposes only. Nothing in these articles are meant to provide specific investment advice and are not a substitute for professional advice from a qualified adviser. Since every investor's investment and personal circumstances are unique, he or she should always enlist the help of a competent and trustworthy professional in addressing their financial needs.