One of real problems of our economy is "Trade deficit" and "Exporting Jobs". All other talks are just ST quick fix which will aggravate future economy. With Bear Market, I believe that Fed Bernanke will receive Nobel Prize Peace easily.
http://www.cnbc.com/id/39923887
http://www.cnbc.com/id/39923887
Double top of 4 yr cycle ~ down, down, down until 2011-2012.
Sell, Sell, Sell -- don't get married to your stocks.
Hop on sell, sell, sell~~~~~~ TAKE PROFIT & PAY TAX
Why good earnings? What do you expect after ruthless cuts! Of course, after corporations cut costs and have done reorganization until they become profitable, they would report good earnings. It is ruthless cut as we can see the economic and financial impact. Hyping markets based on such nonsense by robbing Treasury creating debt bubbles is literally Grand, fraudulent Robbery which is enormous fortune to the few pigs. The final effects of the fraudulent manipulation are the Profits from robbing Treasury and manipulating financial markets. This is nightmare.
Why higher earnings should pay more taxes? For the following reason for example. The high income takers are mostly due to unjust practices, for example, corporate CEOs who know the real operations of capitalistic mind sets while most of Americans are naive about the hidden agenda, e.g. simple as the Fed Reserve is private, enormous profit oriented entity while most of Americans thought it was non-profit government entity!
Therefore, they used the fraudulent knowledge to swindle naive Americans who are mostly brainwashed by the corporate propaganda -- with the simple and direct reason, for example, they should pay higher taxes.
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In the annals of economic policy blunders, the one in which Hiroshi Kato played a hand in early 1997 ranks among the biggest in recent Japanese history.Photo: Bryan JonesMr. Kato led a government advisory committee that concluded that the economy, which was then finally starting to rebound from the collapse of its 1980s land and stock bubbles, was healthy enough to raise the national consumption tax to 5 percent from 3 percent.
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- ~*~
U.S. on track for "fiscal train wreck":
LONDON | Fri Oct 29, 2010 9:18am EDT
LONDON (Reuters) - The U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday - Markets Are Pricing In Gridlock But Are Worried About Taxes
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