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This week's elephant will be the January Employment Report on Friday. Current estimates are an increase of 160K non-farm jobs and private non-farm jobs up 170K with the unemployment rate at 4.5%. The actual unemployment rate is deeper 16% however, the "official" rate is 8.5% is evidence many have simply dropped involving looking for jobs. Up until Federal Reserve revised estimates for growth downward for 2012 and 2013 last month and Q4 GDP advance report was weaker than forecasts (up ii.8% against 3.1% expected) there was an increasing belief the economy was gaining a little momentum. Now economic bulls are re-thinking that assumption.
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Sometimes other's strength becomes our acquire. In A Tale of Two Cities by Charles Dickens, a new girl observes Carton's composure and says to him, "If I may ride with you, would you let me hold your hands? I am not afraid, on the other hand am little and weak, and they will give me more bravery." When the cart reaches the host to execution, she looks at him and says, "I think possibly sent in my experience by Island." We all know your favorite person which faced or even her crisis with uncommon fortitude, and draw on that for nerve and for some of our struggles in life.