China is buying less and less of our bonds, for good reason. I watched a vid on thier changing feeling about the US. Apparently, One of the higher ups read our constitution. Not only did he say O'bam should be impeached yesterday, but should be charged with treason. This from China! And, said untill we get a more fiscally responsible admin, they will not do much business with us. If it were not for the Euro cratering, the dollar would be close to hyper inflation, thank you Greece. I'm a libertarian, I don't like bush, bush sr, Jimmy Carter, clintons, etc. with the possible forgiveness to Reagan.
When the bush tax cuts expire next year it is forcasted that we will be in the 25% "unreal" unemployment, this figure does not reflect under employment and people that have just given up. Also, expect hyper inflation. Most jobs will be farmed out to other countries. The ONLY reason our stock market is close to 11K is all the profit taking now before the capital gains tax goes back up to 40 next year, highest corporate tax in the world by the way. I was actually surprised we are not at 15K, but what does that tell you about next year? My model shows the stock market at 5400, and 20'ish percent inflation.
Have a nice day.
When the bush tax cuts expire next year it is forcasted that we will be in the 25% "unreal" unemployment, this figure does not reflect under employment and people that have just given up. Also, expect hyper inflation. Most jobs will be farmed out to other countries. The ONLY reason our stock market is close to 11K is all the profit taking now before the capital gains tax goes back up to 40 next year, highest corporate tax in the world by the way. I was actually surprised we are not at 15K, but what does that tell you about next year? My model shows the stock market at 5400, and 20'ish percent inflation.
Have a nice day.
