“Bah," said Scrooge, "Humbug.”
Despite the abundance of worrisome issues we still face, the European financial crisis, unrest in the Middle East, and the US Fiscal Cliff, the markets have been kind to us is 2012. But ...(more)
"Facts are stubborn things, and whatever our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." John Adams
When the above was written in 1770, John Adams ...(more)
September 29, 2012
“His money is twice tainted: 'taint yours and 'taint mine” Mark Twain
Consistent if only in its sluggish pace, the US economic recovery is now three years old. Chronically high unemployment and ...(more)
"Everything is changing. People are taking their comedians seriously and the politicians as a joke.” Will Rogers
Presidential elections are always important, and this one perhaps even more so. The campaign ...(more)
It's like deja vu all over again."
Much like 2011, the relative economic strength we saw in the US in the first quarter unexpectedly weakened in Q2. If the 2011 pattern holds, we may see volatile markets in the third ...(more)
“Slow but steady wins the race.” Aesop
The US expansion continues to limp ahead. Like a plow horse, the domestic economy keeps putting one foot ahead of the other. It won’t win any races, but it’s not going to stop ...(more)
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