On the eve of the Thanksgiving Holiday, I have a lot to be thankful for.
I’m thankful that Ben Bernanke is running the Fed. The Chairman had made The Great Depression the focus of his academic career. Who knew in February 2006 when he was selected to succeed Alan Greenspan that he would be presiding over a financial crisis that would threaten to create Depression 2.0? Clearly he was the right man for the job.
I’m thankful that New Hampshire’s economy is the strongest in the East and one of the best in the nation. With unemployment at 5.4% our policy mix of low taxes and limited government still boasts one of the best school systems in the country, and it doesn’t depend on oil revenues or Federal subsidies to keep it going.
I’m thankful that my job puts me into daily contact with thoughtful, generous clients who ask good questions and who have stuck with us through rocky times. They’ve trusted Charter to manage their hard-earned funds and it’s an awesome responsibility. We strive continually to prove worthy of that trust.
And I’m thankful for the talented and hard-working group I work with. After almost 30 years in finance around the country and around the world, I can honestly say that this lineup can stand with the best of them. The combination of experience, sophistication, and common sense makes for an outstanding team.
There’s lots more to give thanks for, but it’s always people: family, friends, colleagues with whom I’ve been privileged and honored to share my hopes and challenges. May all your Thanksgivings be so full!
Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!
Follow me on Twitter @GlobalMarketUpd