Who would have thought that Congress would be at loggerheads over raising its debt ceiling or that Standard & Poor’s would cut the credit rating on U.S. Treasuries? On top of that, who would have then foreseen that U.S. paper would still be regarded as a global safe haven, gold would tumble and interest rates would continue to fall?
We can be thankful that more didn’t go wrong with the global economy, although things could certainly go haywire next year. Here are some things that surprised me personally and professionally this year and may flummox us in the next 12 months.
