Augusta: the home of rational exuberance

Is there a ranking of the most “blessed” cities? We’re climbing the ranks

Note to our leaders in Washington: The rest of the country increasingly has it together. Why not join us?

 

Hiring rose across 14 states in June. Unemployment has edged below 4 percent in 23 states — considered to be full employment, given the natural cycles of hiring and firing.

The stock market has soared to record after record, initially on optimism of more business-friendly policies out of the nation’s capital, but more recently after better-than-expected corporate earnings.

The market also was buoyed by the Federal Reserve’s announcement Wednesday that it would leave interest rates unchanged.

To revamp a phrase of 1990s Fed Chairman Alan Greenspan, we’re seeing some pretty rational exuberance right now.

Perhaps no community in the nation is out in front of this parade more than the Augusta area. Citing in part the development and growth here at Unisys Corp., ADP and Textron Specialized Vehicles, not to mention Starbucks and EdenCrete Industries — and, in large part the cyber explosion at Fort Gordon and on the downtown riverfront — Southern Business &Development magazine Thursday named Augusta its “Mid-Market of the Year.”

This, after the magazine called Augusta’s one of the South’s 10 “Sizzling Mid-Market Economies” in 2015.

We haven’t lost our sizzle. In fact, the area is positively set on “sear,” and not due to the summer sun.

Personal finance website WalletHub recently named us one of the top “stressed” cities in America. Not feeling it. If this is stress, bring it on!

Is there a ranking of the most “blessed” places in the nation? Now, that we’re feeling.

 

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