Off-Topic: More bad economic news.....sigh......

Logan Martin Lake Topics

(Logan Martin Lake Specific)

4,314 messages

Updated 5/23/2024 1:39:01 PM

Off-Topic

Lakes Online Forum

83,633 messages

Updated 5/23/2024 7:09:08 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Logan Martin Lake Fishing

(Logan Martin Lake Specific)

126 messages

Updated 12/23/2022 9:21:15 AM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	More bad economic news.....sigh......
	Date:	6/17/2010 1:21:21 PM

Jobless claims up and consumer prices are down. New home construction has also plummeted. Combine that with the lack of private sector jobs created last month and methinks we have the potential for a double dip recession. All the jobs that will be lost in the Gulf Coast with the drilling moratorium and so on will not help. And finally the significant increase in taxes for all Americans that actually pay taxes will remove even more capital from the private sector.

Watch for strong earnings in 2010 as firms push forward profits at lower tax rates and then a collapse in 2011. That is exactly what we are planning to do.

And now we have the Obama administration shaking down BP for $20B at the expense of the pensioners that rely on dividends for their living expenses.