December 27, 2011—Issue #118
This week’s focus point: In the U.S., housing has bottomed out and shows small improvements. Retail sales are up four percent from last year’s holiday period, surpassing projections. The market is over 12,000 as I write this. Unemployment is marginally reduced. The Europeans seem to be figuring out how to shore up the euro and avoid national defaults. These events don’t represent radical improvement, perhaps, but they do represent progress. You’d never know from most media outlets. Beware of people paid to be cynics, promoted for skepticism, mavens of catastrophe. Unsurprisingly, they become quite good at it and incapable of seeing or reporting anything else.
Monday Morning Perspective: Justice, I think is the tolerable accommodation of the conflicting interests of society, and I don’t believe there is any royal road to attain such accommodations concretely. — Justice Learned Hand
Happy New Year!
You may subscribe and encourage others to subscribe by clicking HERE.
Privacy statement: Our subscriber lists are never rented, sold, or loaned to any other parties for any reason.
© Alan Weiss 2011. All rights reserved