For the economy, a new year with old problems
The world's fiscal issues will not simply resolve themselves by virtue of the fact that a new year has begun
The world's fiscal issues will not simply resolve themselves by virtue of the fact that a new year has begun
How was your vacation?聽 Spend some time with the family?聽 Catch up on that Homeland show everyone's obsessed with like I did?
Good.
But while the calendar has flipped from 2011 to 2012, there are some realities that do not simply resolve themselves or show themselves to the door by virtue of the fact that a new year has begun.聽 Here's one such unresolved thing (via Bloomberg):
But US stock futures are flying this morning, up over 200 Dow points at last glance, on better than expected consumer and manufacturing data out of China.聽 We've got an ISM number coming this morning as well.
Welcome to 2012.聽 It's like 2011, only younger.聽 Buckle up.