A Key Economic Indicator

Posted by Bruce - in Blog - No Comments

holding key

While most economist will look to inflationary rate, FED policy, stock market index or a combination of the above I will look at Entrepreneurial  spirit. If those small tinkers in society feel good about taking every cent they’ve earned and a few cents of their families monies as well to invest in the American dream, then our economy can only rise. If on the other hand the pace of innovation slows to grind so will the dreams of so many including the workers who would stand besides such a startup. For it is those little and big tinkers that enable new products and services to come into our society, therein creating new jobs and opportunities in other industries as well. Whether it be the corner deli that sells a few more sandwiches or the dry cleaner who has a new suit to press, the entrepreneurial spirit is the key that truly starts our economic engine. Yesterday I witnessed that spirit first hand as I attended an Entrepreneurial meetup and NYC and if this wonderful vibe builds throughout the country and world we truly can be assured of economic strength for years to come.

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