Off-Topic: Interesting to think about the consequences....

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	Name:	roswellric -
	Subject:	Interesting to think about the consequences....
	Date:	11/15/2012 10:53:45 AM (updated 11/15/2012 10:54:38 AM)

1. Initially I think we'll have an upward trend in unemployment in the first quarter as millions of small companies trim their payrolls for Obamacare. My accountant says he has been flooded with calls about how to avoid the expenses of the legislation.

2. Then corporate earnings will take a hit say 2nd quarter and the market will sink more. Recession returns.

3. But the real job killer will be a result of significantly rising labor costs giving the incentive for big companies to shift labor intensive work overseas. Might be a good play on Chinese and Asian stocks.

Who know what the tax hikes will bring but it certainly won't stimulate the economy. Tax hikes can't bring interest rates down any further so that's out.

My final prediction is the government will tinker with the tax code some more to incentivize hiring...giving yet more tax breaks to big corporations and the wealthy. Probably the ones with lots of union labor.

ah yes...the opposite and unintended consequences. Maybe we need a nice big war.

Other messages in this thread:

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Stock Market down 10% since election - water_watcher - 11/15/2012 6:29:19 AM

Its only the beginning - MartiniMan - 11/15/2012 8:13:47 AM

Interesting to think about the consequences.... - roswellric - 11/15/2012 10:53:45 AM

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