The Siena Investor - Fall 2013

Lessons From 2012 Over the majority of 2012, our collective attention was focused on several events:

  • Our continuing fiscal deficits and our ability to continue to fund them
  • What would happen regarding the fiscal cliff
  • Who would win the presidential election
  • The increased possibility of rapid inflation caused by the fiscal and monetary stimulus
  • The European fiscal crisis and the potential for sovereign defaults and the breakup of the Eurozone
  • Rapidly slowing growth in China and other developing nations