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Expectations, and why are people continuing to underestimate the economy? well, there has been a lot of pessimism about the economy that s really proven unwarranted. a year ago most of the forecasters thought that we would fall into a recession. obviously, that has not happened. we have a good strong labor market. today s news as you mentioned showed that the unemployment rate remains low, and we added 216,000 jobs. and now, the pace of job creation over the last three months averaging 165, and that is down from a year ago when the economy was still recovering from the pandemic. it is something that s expected and desirable and consistent with an economy that has now ....
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