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Monumental Gridlock Meets Blind Euphoria
Wishful thinking, as we all know, is the death knoll for many investors. Getting carried away by emotion has rarely, if ever, been a recipe for accumulating vast riches.
It seems that a lot of people have missed that distinction between wishful thinking and reality lately—and I fear it’s going to hurt them badly.
After Donald Trump won in November, some Americans didn’t just hope for the best; they thought it was here.
The euphoria is visible in the Small Business Optimism Index, which is published by the National Federation of Independent Business.
Confidence spiked higher following the election because surely, people thought, an all-Republican White House and Congress would waste no time ushering in business-friendly policy changes.
While that was a reasonable conclusion, now it looks like small-business owners may have let their political excitement affect their common sense.
The post Monumental Gridlock Meets Blind Euphoria appeared first on Silver For The People.
