Advertising, ad campaigns, ad agencies, and the people that make it happen

I'm writing this on Sunday night. In about ten hours, the New York Stock Exchange will open. I expect it to be a bloodbath. Not just because the economy has been going down the tubes for months, but because I think we have just tipped over the edge of the precipice. not just with the news today that the government will bail out both Fannie Mae and Freddie Mac... They had little choice on that... But with the much more ominous news that they have said that banks and brokerage houses are now on their own. This sums it up... "The credit crisis has entered into a new phase -- the government has one bailout left in them, and this is it," said Jeffrey Gundlach, chief investment officer of TCW Group in Los Angeles." And, as we all know, as the economy goes, so goes the ad biz. It's going to be a really tough couple of years... If not more.

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Welcome to Madison Avenue, 2009!