Market Twists and Economic Turns: Where We are Headed

            To most people residing in the United States, today did not seem like a significant change in the market and economic for our country. The Dow and other indicators may break even give or take a few points each way. Unemployment reports have stayed the same too. So what is really occurring under the guise of the status quo?

            Everything! As the market seems placated, the stocks and different companies are not. The earning reports have revealed a systematic change in the way American companies do business. Tech firms such as Facebook and IBM have been ruling the day as GM and Caterpillar have fledged amongst recalls and declining revenue.

            The fact is that this pattern is truly representative of our future economy. It will not be so reliant on car manufacturing or heavy industry. Rather, it will be based on technological services which we can provide. Instead of fighting this trend and trying to retain our manufacturing base through tariffs and quotas, we should accept and embrace our new position.

            As Facebook and IBM lead the way in determining niches which our economy can fill, we would do well to fill them quickly and to become the best at filling them. Otherwise, someone else will and we will be stuck clinging to declining revenues and falling industries.