Wife Tries To Abort And Poison Husband's Lovechild
Man Injured By Tree Limb Files Suit Against City
Charles Barron Will Run For Council Speaker
Alleged Tiger Mistress Is Unrecognizable To Dead Fiancee's Dad
New Jersey State Senate To Vote On Gay Marriage
The Dow Jones fell 5.1% yesterday as worries about the economy returned with data about service sector-activity falling more than expected and jobs losses increasing more than expected. Futures are looking down again today, and that's in spite of the Bank of England slashed its key lending rate from 4.5% to 3%--its lowest since 1955. In fact, the BoE's rate cut was so unexpected that none of 60 economists surveyed by Bloomberg News predicted it (one said, It's absolutely staggering and deeply impressive"). Earnings data is driving the concern--Toyota forecast its "biggest drop in profit in at least 18 years" and Cisco predicts its "first revenue decline in" 5 years.
Stock Futures Fall, Even After Big Bank of England Rate Cut
add to stumble upon
add to reddit
tweet this
post to facebookComments (7) [rss]
Post a comment (Comment Policy)
Tips
Newsmap
Contribute
Latest Tip:
It's the same media that NEVER mentioned Muslims' hatred of Israel as a possible motive for 9/11.
[more]
Economics 101: if you tax it, you get less of it.
Obama promised to raise capital gains taxes, so the capital starts to flee before he takes office. Anyone in high finance posting here knows that but too politically correct to admit it.
Bush lowered taxes and the capital fled.
We're just testing the bottom. Depending on your horizon, buying now is a good idea. Don't sit and wait for any more bargains, get in and hold.
Once Obama is sworn in, the marketa will start to stabilize. Markets are scared Bush might hace a nice little surprise for the pubic before he leaves office.
>i>Once Obama is sworn in, the marketa will start to stabilize. Markets are scared Bush might hace a nice little surprise for the pubic before he leaves office.
Really? And your source on this is who? The same people that said there would be an October surprise? That Bush would suspend the elections? The Osama bin Laden would be revealed to have been captured and unveiled a week before election day?
#1 Right on, I don't know why its so hard for people to get that. These days, its dead simple for companies to base themselves _anywhere_ in the world. Its really pretty straightforward. If they keep raising taxes all the 'producers' will relocate.
People making under $50k a year (66% of the population in the US) only pay 8% of _ALL_ the tax revenue brought in to the IRS. Yeah, lets piss off the other remaining 92%
Also, I think we're nearing this stage:
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits the public treasury with the result that a democracy always collapses over lousy fiscal policy, always followed by a dictatorship."
Want to know the future? look to the past
I feel sorry for those who think the Economy is going to get fixed within the next two years, it's actually going to get worse. This is bigger then Obama, even he can't fix it!