Barack Obama views the economy through rose-colored glasses

<i>Breakfast with Benjamin</i> President Obama's White House projects 2.3% long-term economic growth. Meanwhile, Credit Suisse sees lousy returns for the next decade. Who has the better view?

FEB 09, 2016

By Jeff Benjamin

Barack Obama sees the U.S. economy through rose-colored glasses. Either that, or he's looking the other way. White House projects 2.3% long-term economic growth. Meanwhile, Credit Suisse is projecting lousy returns for the next decade.
Growing concerns over negative interest rates reaching the shores of the United States is becoming a wet blanket for the markets. The measure of last resort.
With oil cheap, Barack Obama figures it's a good time to add a 25-cent tax to each gallon of gasoline. No word on what happens when oil gets pricey again. The White House is calling it an “oil fee,” which doesn't sound as bad as a tax.
What January's stock market turbulence tells us about the rest of the year is not great, but it's also not guaranteed. Try to avoid making impulsive decisions.

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Barack Obama views the economy through rose-colored glasses

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