Gothamist: Stock Futures Fall, Even After Big Bank of England Rate Cut

Shinobi Shaw

Thu, 06 Nov 2008 15:16:49 -0500

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!

optimist

Thu, 06 Nov 2008 11:27:58 -0500

#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

EastRiver

Thu, 06 Nov 2008 09:46:37 -0500

>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?

Steven

Thu, 06 Nov 2008 09:41:20 -0500

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.

r1b2

Thu, 06 Nov 2008 09:28:02 -0500

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.

chaevans

Thu, 06 Nov 2008 09:14:23 -0500

Bush lowered taxes and the capital fled.

ides_of_march

Thu, 06 Nov 2008 08:44:00 -0500

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.