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02 January 2012

New Year, New Game

Just a few words about 2012 and the upcoming false spring.

It appears consumer and business confidence is on the rise. Christmas was a good season for retailers - especially online.

Just don't get lulled into any false security about the US economy. Election years traditionally are better because politicians pump $$ into the economy and run on those good deeds.

This year is no different. Understand that none of the fundamentals that created the last 3.5 years have changed and a week before Christmas the national debt surpassed the projected GDP for 2012. That is real coal in the stocking.

Starting tomorrow with the Construction Spending Report from the Census  Bureau, we are upgrading our Market Intel Services for small biz (under $50m Revenue) to provide actionable data on US economic performance.

However, on the first work day of 2012 I will close with this note and our theme for most of 2012 - the projected economic upturn is a false spring with multiple domestic and international threats. Make as much money as you can and preserve it. After leaning out your company, build it's fat reserves because when the real winter hits - it will be hard.

Success and Prosperity - eastman

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