Advocacy Investing® Portfolio Strategies, Issue 43


• 2012: Calamity avoided, as compromise bill extends Bush-era tax cuts for all but the top 1%

• Data releases show a resilient consumer, a real estate revival and manufacturing on the mend

• Labor markets show dull but steady improvement, unemployment at 7.8%

• An early exit (before year-end 2013) from quantitative easing is a possibility

• Fiscal tightening should be offset by a dynamic private sector in next few months

• Continued policy gridlock is the major political risk in the near term

Looking back at 2012, we can say that this was another year of calamities avoided. In other words, what did not happen was more important than what happened. The eurozone did not collapse, and the much-hyped fiscal cliff was averted thanks to a last minute compromise approved by Congress and signed into law by President Obama. However, the sense of relief should be tempered by the recognition that many of the issues the world faced in 2012 remain unresolved—at best, the proverbial can has been kicked down the road.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© The Law Offices of Marc J. Lane, a Professional Corporation | Attorney Advertising

Written by:


The Law Offices of Marc J. Lane, a Professional Corporation on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.