Happy New Year 2011

This is to wish every one a Happy New Year. I will be brief. This year I will be paying close attention to a number of things. This will include figuring out if Quantitative Easing 2 has worked or is working. Finding out if Meridith Whitney's prediction on massive bond defaults by local governments is close to the mark. Commodity markets will also be an interesting one to follow, gold being the primary example. Also a big interest will be the fate of the global economy, currency wars and the outlook for inflation in the United States. Martin Wolf from the Financial Times has a nice outlook here.