Two Sides of the Same Coin
This week the news was dominated by the turmoil enveloping Egypt, the geopolitical center of the Middle East. What is occurring shares many of the same characteristics of the popular revolt in Iran during the 70's. In that instance, extremists… More >>
Objects in the Rear View Mirror
Are they closer than they appear?
Retail sales rose 7.9% on a year over year basis for 2010. Retail sales are up 13.5% from the bottom and up 0.2% above the pre-recession peak in November 2007. The consumer is back!
Here is a recent quote… More >>
Investor Class vs. Working Class
The economy is expected to possibly grow at a rate of 3.5% in 2011. By comparison, to achieve stable employment, a GDP of 2.7% would probably be necessary. Clearly the estimates being put forward suggest a significant improvement in the… More >>
New Year's Resolutions
Our focus for the New Year. Call it a recommitment, an affirmation, or simply stating the obvious.
It's clear to me that in order for Phillips and Company to thrive and grow we need to make a couple of New Year's Resolutions. It's not to eat… More >>