rosy

Investors took fright that the deficit will spiral out of control and were mollified somewhat Friday morning when Britain’s Treasury leaked that rosier economic forecasts might leave her with a smaller budget gap.

The long-term outlook for you is rosier than for many people.

“While the picture today is rosy, the risk that AI valuations are frothy cannot be disregarded,” says Pollock.

Investors’ rosy feelings about having a lot more money—at least on paper—are powering spending on restaurant meals, business-class airline tickets, home improvement and more, keeping the broader economy humming.

Fiserv CEO Mike Lyons, who succeeded Bisignano, said in a call with analysts last week that as the company reviewed its business, many of the assumptions and projections set by prior leaders were too rosy.