Your daddy’s rich / And your mamma’s good lookin’
So hush little baby / Don’t you cry
Summertime, from Porgy & Bess by George Gershwin
As the school year winds down, summer officially starts. You wouldn’t know it in the upper Midwest, where a cold rain has drizzled down nearly every day for the last month. Though a lot of crops didn’t make it into the field on time, it’s really summer. The thermometer might not say it, but the economic reports do.
Every year at this time there is a small recession, a general slowdown. It’s why so many financial advisers avoid stocks this time of the year. But wasn’t this year supposed to be different? It was. But it isn’t. And that has everyone scrambling to explain why things are looking a little bit blue.
They shouldn’t. This is normal – or normal amplified a bit by general uneasiness for the long haul.