Weeks after social issues dominated Democratic talking points in the 2012 campaign, President Barack Obama refocused his message on his and his Republican opponent's approaches to the economy in an Ohio speech on Thursday. Obama didn't announce any new economic policy at Cuyahoga Community College in Cleveland.
So the financial crisis, Europe's inability to act in a big way to address its fiscal issues, and endless partisan bickering in Washington between Democrats and Republicans have prompted you to swear off stocks? Well, one school of thought argues, "Panicking never made anyone a dime." Further, "reacting" rarely results in an improvement in investment returns, hence with the above as a preface.
Fear of an impending "fiscal cliff" and a potentially drawn-out debate about raising the federal government's debt ceiling plus uncertainty about November's presidential election will lead to a 0.8 percent fall in marketing spending in 2012, Pivotal Research Group said Thursday. Advertising spending is expected to grow 2.4 percent in 2012, excluding the impact of the Olympics on national TV and political advertising on local TV, according to Brian Wieser, CFA with Pivotal Research. However, advertising spending growth would have reached 3.2 percent in 2012 were it not for the "nervousness among marketers in the period leading up to fall elections will restrain expansion because of the looming 'fiscal cliff'." That phrase refers to the end of tax cuts and automatic spending reductions that are set to occur simultaneously at yearend.