Henry Blodget:
Yesterday, the American government voted to extend almost all of the Bush Tax Cuts permanently. Not temporarily, as a stimulus measure. Permanently.
Read more at DON'T BE FOOLED: The Republicans Are Winning – Business Insider.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
THE Repulicans might be winning, but the US is losing. all of the Bush tax cust should not have been factored in forever.
perhaps some for a few years and then review. but the tax cuts for income earners above $250k should be reigned in. the US needs to have a tax system that is more like the rest of western world, otherwise they risk becoming a third world country.