The world seems to be sinking and the US is the standout! Today, May 24, 2011, I read in the Wall Street Journal that most of the stock markets in Europe are down for the year (due to the Eurozone debt crisis), China is down due to its government’s attempt to rein in an overheated economy and Japan has seen a huge drop in its economy due to the triple whammy of earthquake, tsunami and nuclear disaster. This basically leaves the US as the major economy with a positive stock market return for the year. Despite high unemployment, poor government finances and a housing slump that won’t quit, we have one of the few bright spots in the world equity markets, a relative calm in the midst of a worldwide storm. I am thankful to live in such an environment.
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