As we look back over a tumultuous year, we end 2012 with a note of gratitude. Despite our serious problems, our economy is not in recession and the financial markets have had a good year (at least through Christmas). Just a few more days to put this year into the record books, and then we start again.
In 2013 we hope to see some resolution to the major uncertainties we continue to face. We agreed with the “muddle through” scenario the Economist and others laid out, and we think that is likely to continue. Even if we take significant steps towards setting things right, many of these things (like the debt and deficit) will take a long time to improve substantially. But even incremental improvement is better than deterioration, and it may be achievable.
2013 should be a year of counting our blessings, always a good thing to do in times of trouble. We will remember the unemployed and hope for some improvement there. All of us know people out of work and getting them working again is very important. Some of those unemployed are veterans, and many are suffering with PTSD. We have a debt to pay, after all these people have given for us. Improving their lot will be a worthy undertaking for 2013 and beyond.
Best wishes for health, happiness and success in the New Year from all of us.
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