I just read the latest economic commentary from Wells Fargo. While the tone was somewhat downbeat, expecting the economy to grow slowly and inflation to rise slowly, they still expect GDP growth this quarter will increase to 2.2% from 1.4% last quarter.
They also chastise the complainers. Finding somebody to blame for our economic mess is not helpful. Wells Fargo describes our current situation as a “MacGyver economy.” That means we must do with what we have, not what we wish we had, concluding “During every tough economic period, entrepreneurs have found a way to succeed.”