My Take on the Economy

The stock market is overdue for a correction This might be it, but no one knows.

My approach is to only hold companies which provide goods or services always in demand and pay a good dividend with a history of raising it each year. So, I just see drops as opportunities to buy more.

I see this as one of most remarkable economic times in US history. US innovation has changed every industry on the planet, resulting in the US having the strongest economy in the world, while also bringing along other advanced economies which embrace innovation.

Recent slowness in the US economy is due to the strong dollar, but that is good for the medium and long term, a resurgence of the world reserve currency.

For the US, the strong dollar makes the cost of commodities cheaper, a bonanza.

As for the slowness of the economic recovery from the 2008 crash, financial crashes usually take longer to fully recover than from business cycle and other similar recessions.

So, this slowness, combined with great innovation and needed new regulations, is consistent with a solid economic boom, nothing like "trickle down" because it is combined with such bottom up advances like ACA and historic creation of new jobs combined with rising minimum wages, rising education standards and expansion of community college opportunities. Plus, maybe the most remarkable catalyst being the lowest interest rates in history.

The only real risk I see is who becomes the next US president.