I haven’t seen expectations like this since the mighty U.S. military rolled into lowly Iraq with the expectation to conquer a nation in a month. The public is infatuated with Obama. Lovefest might be an understatement. At this point, you have to wonder if expectations are getting a little blown out of proportion. Obama is facing the most problematic economic crisis in over 70 years.
On the bright side, he’s entering office when things are downright awful, which likely means we’re closer to the bottom than the top. But you still have to wonder, with such an enormous global economic mess, are expectations too high for President Obama? Let’s just say, if I could short approval numbers, I’d be calling an Obama top….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.