We are currently in the third longest economic expansion ever.  It’s also the slowest expansion ever.  We’ve had growth of less than 2% for 9 years.

Significant economic growth is a high tide that raises all boats.  Less than 2% growth is not that.  A real expansion with significant growth is fun.  It accelerates business growth.  The reality is, growth has been slowing for decades.  Not just the last 9 years.

Demographics are not in our favor with the baby boom generation retiring.  After 9 years of slow growth, a period of significant growth seems unlikely and our economy is very mature.   The bottom line is that you can grow a business significantly but it doesn’t make sense to count on a big boost from the economy.  It’s all about the business.

Todd Kmiec

https://www.facebook.com/pg/Todd-Kmiec-and-Associates-1948646172110...