So far the fed has managed to bring down inflation without the predicted recessionary effects and the administration and congress has enacted a major infrastructure program. Unemployment remains at record low levels ant lots of jobs go unfilled. Growth remains on its long term trend. Still, our big trading partner China appears to be struggling from years of excessive credit and real estate over investment. That will not be without its impacts on us. Then too there is the federal debt and deficits that will have to be reigned in at some point