Common Cents for December 21st 2012

As we approach the end of the 2012, I thought it might be entertaining to take a look back on the year, and maybe make a few predictions about 2013. Obviously, if I could look into the future with crystal clarity, you wouldn’t be reading this sentence right now, as I wouldn’t have written it. So, take everything below with at least a grain of salt. Thank you for reading Common Cents in 2012, and here is to a safe and prosperous New Year.

  • Unless a meteor or asteroid hits the Earth today, or the Yellowstone caldera surprisingly erupts, the world is not going to end on December 21, 2012. In the future, perhaps we should rethink whether an ancient culture like the Mayans, which didn’t have the concept of the wheel for economic activity before the arrival of the Spanish, could accurately predict the end of life as we know it. When you put it that way, huh?
  • 2012 was the year when we fully realized just how divided our society is, and how lacking we are in effective, unifying leadership. By comfortably winning a second term, after four years of complete economic malaise, the Obama Administration proved, beyond a shadow of a doubt, the US in no longer a country for old, white men. For their part, old, white men need to do a better job of press relations, and marketing their ideals to a citizenry which no longer wants to listen to them.
  • After 6 consecutive BCS championship, the SEC has proven it is the dominant force in college football. However, outside of the Southeast, the rest of the country basically prefers the NFL, and knows the worst professional team could maul the best college one. No? How else can you explain this: an estimated 24.2 million people tuned into the 2012 BCS Championship Game, and 111.3 million watched the Super Bowl? There might be a zillion rationalizations, but those are the facts. …Read On…

I hope all have a safe and happy weekend, and Happy Holidays.

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.