Aw heck, we're doing just fine.
Every time we go to the supermarket we usually got a pretty good idea how much money we'll need to spend. When our kids enter the labor market we know enough to give 'em the score on why they got to show up on time and why they need to do what the boss says.
Labor market, super market, stock market, it's all the same --very few people buy the winning lotto ticket at the super market and very few make 70 million in one afternoon with the stockmarket. Nobody knows everything but most people know enough to earn a living and imho that's pretty good.
Historically, U. S. equities trend upward. I expect it to continue. The speed bumps along the way make it interesting.
by Josh Zumbrun
Dec. 14, 2014 3:04 p.m. ET
Much has changed in the U.S. economy since Federal Reserve officials last issued their economic projections, in September. Oil prices have fallen by more than one-third, the dollar has climbed 5.3% against a broad basket of currencies, and about 800,000 more Americans have found jobs.
These developments present overlapping challenges as Fed Chairwoman Janet Yellen and her central-bank colleagues wrestle with shifting fundamentals at home and mounting jitters overseas. She will hold a news conference Wednesday, after the Fed’s two-day policy meeting, to discuss the central bank’s outlook and plans going into 2015.
Falling oil prices are a boost to the U.S. consumer. But lower prices also are putting downward pressure on already low inflation, potentially moving the nation further away from the Fed’s objective of 2% annual increases in consumer prices.
If Ms. Yellen and her colleagues put more weight on the looming inflation drop, they will hold off on interest-rate increases, which are expected by mid-2015. If they put more weight on underlying economic strength, they will proceed as planned, or even accelerate their move.
The signs so far are that the Fed will proceed as planned.
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http://www.bloomberg.com/news/2014-12-14/oil-drops-near-60-a-barrel-as-opec-seen-resisting-cuts.html
(Brent) Oil Drops Near $60 a Barrel as OPEC Seen Resisting Cuts