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January 10, 2013 / Admin

What Didn’t Happen in 2012?

Looking back on 2012 with some insights from Fisher Investments MarketMinder – Matt Goldhaber, Vice President, Fisher Investments


Eight Things that Didn’t Happen in 2012

By Fisher Investments Editorial Staff

For most folks, it’s easy to remember the big events that happened in a given year. A bit harder is remembering those things most folks fretted, but never came to fruition. So with 2012 in the rearview, we present our list of things that didn’t happen.

A sudden eurozone splintering

For much of the past three years—2012 being no exception—many feared a sudden eurozone disintegration. There’ve been myriad variations on the idea: stronger countries leaving the euro, weaker ones being forced out, two monetary units, etc. All the same, the fear didn’t become reality in 2012 as European leaders continued to do what was necessary to keep the monetary union intact—albeit often at the last possible minute. The eurozone still isn’t out of the woods, as some countries have myriad issues to resolve, but European leaders and the overall populace have shown tremendous resolve to prevent a disorderly breakup in the immediate future and commitment to maintaining the euro in its current form—at least for a good long while. (For our a far-reaching collection of our thoughts on the eurozone, click here.)

A US recession

It’s been fully three and a half years—42 months—since the last recession ended in June 2009. Yet throughout, many continually fretted a recession immediately in the fore, or at least an economy growing at a snail’s pace. The first half of 2012 was slow, true, but Q3 2012 GDP clocked in at a swift 3.1% q/q annualized, marking the 13th straight quarter of overall growth. What’s more, GDP was already at new all-time highs prior to 2012’s start and keeps building on those highs.

While government spending and other GDP measures have varied (often considerably) quarter to quarter, consumption (the largest component of GDP) has been overall resilient and the private sector strong. True, there are still pockets of weakness in the economy (nearly always are), but overall the stronger parts continue to pull along the weaker—something that doesn’t look to be changing anytime soon.


For full story, and the other six things that didn’t happen in 2012, check out the full article at MarketMinder.comEight Things that Didn’t Happen in 2012


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