Wednesday, January 04, 2006

Kudos to Congress Asset Management!

Congress Asset Management is a small (about $3 billion in assets under management, according to their website) asset management firm that allows you to subscribe to its quarterly investment commentary. It's a good marketing tool that provides a gentle reminder of the firm's existence to prospective clients.

I was also glad to see that their commentary is well organized. I can grasp its thrust if I line up the topic sentences of each paragraph:
  • It is increasingly evident that the devastating storms of late summer have not caused permanent damage to U.S. growth prospects. In fact, growth appears to be broadening out and accelerating as the year draws to a close.
  • While the rising economic tide paints a bright picture of 2006 prospects it adds fuel to fears of renewed inflation.
  • The good news is that the Federal Reserve Board is ahead of the curve, and its policy is likely to succeed in forestalling a new inflationary spiral.
  • The potential for a broadening out of world growth prospects is more favorable now then it has been for some time.
  • The year just ending has been characterized by natural disasters, energy crises, terrorist acts, heavy war news, and steady increases in interest rates. Despite them, the domestic economy enjoyed a year of rising employment, strong consumer spending, robust housing activity, broad productivity gains, rising business spending, and increasing dollar value.
  • The year 2006 promises to be a year of solid domestic and rising worldwide economic activity.
I also like that Congress states its opinions clearly.

Could Congress do anything better?

Its commentary crams together a lot of tiny type without much white space. For easier reading, I'd like to see headings and shorter paragraphs.

What do you think? Click here to view Congress' commentary for the current quarter.

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