As Thanksgiving approaches, the world appears gloomy. War and geopolitical strife dominate the news. Several worrisome trends loom over the US economy, despite signs of growth (see page 66). Meanwhile, rather than inform, the media seems increasingly driven to inflame our passions regarding crime, immigration, education and other serious matters.
In this environment it is important to maintain perspective. The media are aware that bad news sells and that people are receptive to sensational reporting. Good news gets short shrift. But in fact, there are many reasons to be optimistic.
Living conditions have improved more during the past 300 years than they had since the agricultural revolution began 10,000 years ago. This trend has continued well into the 21st century.
Also In This Issue
Quarterly Review Of Capital Markets
Year-End Tax Considerations
The High-Yield Dow Investment Strategy
Recent Market Statistics
The Dow Jones Industrials Ranked By Yield
Asset Class Investment Vehicles