As the 2014 Winter Olympics comes to a close, I am reminded of the “Miracle on Ice” in 1980 when the US Men’s hockey team upset the heavily favored Soviet Union team. While not as political, or as extensively covered by the media, we defeated them again last Saturday. This time we did it without the element of surprise.
Last week the world watched the Seattle Seahawks defeat the Denver Broncos in the Super Bowl. It was a surprising outcome given the talented Broncos lead by fan favorite quarterback Peyton Manning. It was curious that the speculators in Vegas had the Broncos favored to win the game. This time, the speculators were wrong and not by a small margin. The Seahawks won by five touchdowns.
As 2013 winds to a close we are busy getting ready for 2014. There are two important things that we work on during November and December to make sure client portfolios are in the best position possible.
During the recent holiday season, I was blessed to enjoy the company of friends and family. This year, more than any other, I remember the conversations led us to the topic of our collective future as a country. Having just completed an election cycle, the talking points were fresh and full of emotionality.
We suspect each of you have heard about the ongoing government shutdown and subsequent debt ceiling authorization being debated in Washington. This latest government episode has not generated confidence, but rather illustrates the worst in political theatre. And that is the point, it is theatre.
The lights have gone out in Detroit, literally. Forty percent of the streetlights don't work, since there isn't enough money to keep them on, or up, in a city that some 60 years ago was the richest in the country and perhaps the world. Now, Detroit has acquired bragging rights that make it the largest-ever municipal failure in US history.