Listen weekdays from 1-3pm ET
(No audio? Try our help)
Recent shows | More media

Listen Live: Mon-Fri 1-3pm ET

Posted: 6:00 a.m. Wednesday, June 19, 2013

Why the economy is in a sweet spot



By Clark Howard

ClarkHoward.com


I know it's hard to accept good news on the economic front after being beaten up for 6 years by the economy. But there's a lot to be happy about.

Housing is showing great positive growth. Automotive sales are booming. Energy has created 3 million new jobs thanks to renewables like wind, solar, and geothermal. Plus, there are new ways to extract traditional energy like oil and natural gas, which also creates high-paying jobs.

In the midst of all this, the economic growth that exists has not been enough to pull along the overall employment picture. The wealthy may be doing well, but many others are still not back to square one where they were 6 years ago.

And then you have the Federal Reserve with its controversial manipulations. There had been fears about uncontrolled inflation and even deflation, but the picture has not played that way.

We seem to be in a good spot right now without excess inflation, without deflation, and an economy growing with some new jobs coming because of American ingenuity.

So barring any unexpected events, things are looking better.

I know my words ring hollow if you've had a tough go of it the last 6 years. But if you have been discouraged and given up looking for work, it's time to pick yourself up, dust yourself off, and get back out there again!