Happy New Year

Some cheerful news from the US economy…
St Louis Fed US economy tracker
The Dec 2011 manufacturing ISM report says “Manufacturing is finishing out the year on a positive note, with new orders, production and employment all growing in December at faster rates than in November, and with an optimistic view toward the beginning of 2012 as reflected by the panel in this month’s survey.”
For global context and performance over the course of 2011 have a look at this Market Economics chart.

Yet, as they say, every silver lining has a cloud…
America’s fragile recovery, The Economist, 17 Dec 2011