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The Best of Times, the Worst of Times

Clock close to midnight at new year
The industry faces many challenges in 2012, but not insurmountable ones.

Looking into the future requires keeping an eye on the past, so it is important to take last year’s volatile financial markets into account as we head into 2012. The European crisis marches onward, with many gazing warily at the future of the single currency, and the subsequent ramifications for continental integrity. Government debt loads have reached critical levels in all major economies—compounded, in the US, by uncertainty over new regulation as well as the looming presidential election.

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