September 24, 2021
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  • 10:13 am Retail sales up faster than forecast
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  • 10:12 am Hedge funds lost out in August after stocks fell
  • 10:10 am Diageo says Europe is weak

first_imgJohn Mitchell Job growth is up, the United States is in its third year of economic expansion, and consumers — who face generally stable prices — also are shedding debt.Time to raise our expectations about the quality of our lives in the months and years to come, right?Not so fast.What is closer to the truth is that we have “lots of broken expectations and broken dreams we’re still working our way out of,” John Mitchell, principal of Portland-based M&H Economic Consultants, said Tuesday during a breakfast event in Vancouver.Unemployment among the young is rampant, the nation’s political dysfunction runs high and homeownership — long a part of the American dream — is the lowest it’s been in 15 years, Mitchell told more than 150 people who gathered inside the Heathman Lodge to listen to his presentation, sponsored by Riverview Asset Management Corp. and Riverview Community Bank.Although 2012 will, on balance, remain an “up year” for the U.S. economy, Mitchell said, it also will be filled with anxiety and “policy paralysis” on the part of federal lawmakers.It’s not that there isn’t good news, Mitchell said, as he punched home the following encouraging signs:o A study by Arizona State University found job growth is up in 42 U.S. states, with Washington and Oregon ranking ninth and 27th, respectively. “You’re in a good place,” Mitchell told attendees.last_img