2012 was a surprising year. Although many of the most notable events reflected ongoing economic and fiscal issues – including crises in the European Union, slowing growth in China, growing debt in the United States, government intervention in Brazil, and worries about fiscal cliff – investors remained optimistic and many global stock markets delivered rather attractive performance for the year. Here are a few of the headline events which caught our attention during 2012:
- China became an economic power, officially All debate about when China’s economic importance would rival that of the United States was put to rest when The Economist added a section devoted entirely to China. The last time the publication introduced a new country was 1942. It was devoted to The United States.
- Australian police said Apple Maps can kill you Apple maps were called a lot of things during 2012, but accurate was not one of them. San Francisco had a French Quarter, Stratford-on-Avon disappeared, and the town of Mildura moved to the middle of Australia’s
Murray Sunset National Park. Since the park has no water supply, Australian police issued a warning.
Weekly Focus – Think About It
Don't tell people how to do things, tell them what to do and let them surprise you with their results.
--George S. Patton, U.S. Army general
The rest of the report can be found here.
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James T. Parks, CFP®, AEP, AIF
President and Wealth Advisor
Parks Wealth Management
216 E. Ridgewood Ave., 2nd Floor