Hardly! Recent research reveals corporations are now much healthier than before the Great Recession began in 2008. (1)
There is a rising tide of evidence that America's future is bright and secure. An in-depth study conducted by the Wall Street Journal shows profits, sales, and employment numbers for S&P firms are higher than 2007 levels.
Walter Russell Mead, a respected historian, and op-ed contributor to the WSJ, observed in his article "The Myth of America's Decline" that other industrialized nations may have grown in influence but the U.S. remains the global "Chairman of the Board."
Amidst all of the election year gloom and doom, it is refreshing read that our economy is not as bad as some would like us to believe.
The U.S trade deficit widened. In January, the exports were $180,8 billion and imports were $233,4 billion. The national debt is $15,631,823,036,211.32. I guess the economy is at its best! What would be its worst, then?