Scary 2011 Economy

Much of the restrained economy over the last few years might be due to the rise in the savings rate. Going forward, some predict consumer spending will be around 2%. While it's not an exciting outlook, the U.S. economy will grow faster that the Congressional Budget Office anticipates it will grow.

In the meantime, a few risks in the outlook. China is trying to reign in growth; the social security system goes into a deficit in 2014; sovereign debt issues in Europe.

A Great Day

It's a great day in Packerland! Euphoria reigns!

State of the State

Come Monday, this State of Wisconsin will either be in euphoria or deep depression!!!! Go Pack!

More 2010 Highlites

Historical happenings in 2010 included the devastating earthquake in Haiti that killed 230,000 people; the BP oil spill caused the largest environmental disaster in history; Wikileaks dumped thousands of pages of classified material on the internet; 33 miners are saved in Chile after being stuck a record 69 days below the earth; a Pablo Picasso painting was sold for $106 mm, setting a new world record; the Tea Party movement hosted their first convention; the Boy Scouts of America celebrated 100Ys; Don't Ask, Don't Tell was repealed and signed into law.

2010 Again

The year 2010 was interesting and many things happened. It wasn't as crazy as 2008 when the credit crisis began, nor 2009, when the regulatory crackdown followed. It was, however, certainly full of surprises, twists and turns.

In banking and the financial markets, the crisis rounded the corner on its 2nd year and brought a flight to gold bullion.

In the invention area, the iPad might have been the coolest!

More highlights later.

Rose Bowl

Had a good time in California despite the outcome of the Rose Bowl. A lot of criticism is flying around about bad decisions, etc. I have learned that sports is a matter of if, if, if, if.