I had written elsewhere that we are experiencing the Greatest Economy Ever. Larry Kudlow discusses the current stock market correction and reasons not to panic.
One of the keys to staying positive when the news media writes one negative story after the other about how terrible the economy is to to take a larger perspective. The current economic boom is not some unstable house of cards that could tumble any moment. Instead, it is built on a large macroeconomic trend that is driven by technology just as the Industrial Revolution was.
We may experience some minor ups and downs (due to Creative Destruction), but right now we are in a very long term economic growth period that will lift all boats. The new Congress or hiccups in China could effect us short term but long term keep positive.
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